Financial investments, such as mutual fund purchases, are included in the national income component.
Answer the following statement true (T) or false (F)
False
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If the percentage change in quantity demanded is greater (in absolute value) than the percentage change in price, then demand
a. determines supply b. is indeterminate c. is elastic d. is inelastic e. is unit elastic
The _________ money supply includes less liquid forms of money such as time deposits, certificates of deposit, and money market funds.
a. M2 b. M1 c. M3 d. real
What is one of the biggest benefits of trade that is hard to measure?
a. the transfer of goods from rich countries to poor countries b. the transfer of knowledge from poor countries to rich countries c. the transfer of knowledge from rich countries to poor countries d. the transfer of goods from poor countries to rich countries
In the graph showing the market for loanable funds, at the real interest rate, the demand for loanable funds______.
a. is greater than the supply of loanable funds
b. is less than the supply of loanable funds
c. equals the supply of loanable funds
d. is at its furthest point from the supply of loanable funds