What is the domestic price of a TV in a closed economy?
A. $75
B. $137.50
C. $100
D. $125
Answer: B
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Suppose the Fed decreases the money supply. In response households and firms will ________ short term assets and this will drive ________ interest rates
A) sell; down B) buy; down C) sell; up D) buy; up
The measure of how easily a particular asset can be converted quickly to cash without much loss of value is called:
A. liquidity. B. risk. C. intermediation. D. default line.
The output of goods and services produced in the United States has grown on average 3 percent per year since 1965
a. True b. False Indicate whether the statement is true or false
The term crowding out refers to decreases in the interest rate caused by government budget surpluses
a. True b. False Indicate whether the statement is true or false