The real price trendline for non fuel primary commodities from 1960-2005 has been
(a) Unchanged
(b) Steadily increasing
(c) Steadily decreasing
(d) First decreased and then increased.
C
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If people expect the Fed to adopt a(n) ________ for several years, the long-run real interest rate will remain ________
A) contractionary fiscal policy; high B) expansionary fiscal policy; low C) expansionary monetary policy; low D) contractionary monetary policy; low
The three functions of money are medium of exchange,
a. measure of value, and standard of value. b. measure of value, and store of value. c. standard of value, and store of value d. medium of value, and store of value. e. measure of value, and deferred value.
If the MPS rises, then the MPC will:
What will be an ideal response?
There is a negative relationship between two variables if:
A. they move in opposite directions. B. they move in the same direction. C. one variable changes and the other does not. D. neither variable moves.