What is the new common currency used by many members of the European Union?
A. Pound
B. Eurodollar
C. Euro
D. Mark
C. Euro
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Which of the following is true?
A) The real interest rate is always positive. B) The nominal interest rate is usually negative. C) The real interest rate can be negative. D) The real interest rate can never be zero. E) The nominal interest rate is usually less than the real interest rate.
To implement the Friedman rule for long-term monetary policy, the monetary authority would need to set the
A) inflation rate equal to zero. B) nominal rate of interest equal to zero. C) real rate of interest equal to zero. D) money growth rate equal to zero.
Explain how usury laws distort the market for funds. What is the most likely result if a usury law is passed and enforced?
Which of the following is not included in 2016's GDP?
A. the value of a motorcycle produced in the United States and exported to Japan B. the commission earned by a headhunter when she locates a job for a client C. the profit earned in 2016 from selling a stock that you purchased in 2008 D. the value of a motor that is used in the production of a lawn mower