Price indexes allow us to convert ________ measures of output into ________ measures of output, because an increase in that would mean economic growth.
A. perceived; real
B. nominal; perceived
C. nominal; real
D. real; nominal
Answer: C
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Which of the following will lower the interest rate and increase investment spending?
a. An increase in the demand for loanable funds b. A decrease in the demand for loanable funds c. An increase in the supply of loanable funds d. A decrease in the supply of loanable funds e. An equal and simultaneous decrease in the demand for and supply of loanable funds
Intermediate goods, like milk sold by a farmer to a supermarket, are
a. included in GDP. b. included in GDP at market value. c. included if it is imported. d. are not included in GDP.
For heavily traded assets like stocks and bonds, arbitrage:
A. will equalize rates of return across all stocks and bonds. B. will drive up rates of return on all assets. C. is a lengthy process because of the large volume of transactions. D. will often equalize rates of return among similar assets within minutes.
Open market operations are conducted by the Fed
A) in the New York Stock Exchange. B) in the private secondary U.S. securities market. C) through the Washington location of the Federal Reserve's Bank of Governors. D) through the Bureau of Engraving.