The value and functionality of money are determined by the:
A. general acceptability to other people.
B. credibility in other financial assets.
C. regulations defined by the Fed.
D. lack of credibility in other financial assets.
Answer: A
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According to the above table, if real Gross Domestic Product (GDP) is $25,000, planned saving equals
A) $2,000. B) $3,000. C) $4,000. D) $5,000.
Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can
a. True b. False Indicate whether the statement is true or false
When the wages paid to government economists increase, the labor supply curve for academic economists
a. shifts to the left. b. shifts to the right. c. will become backward-sloping. d. will not change.
If a Japanese company opens a new factory in South Korea, it makes
a. foreign direct investment. The factory will make a bigger impact on South Korea's GDP than on its GNP. b. foreign direct investment. The factory will make a bigger impact on South Korea's GNP than on its GDP. c. foreign portfolio investment. The factory will make a bigger impact on South Korea's GDP than on its GNP. d. foreign portfolio investment. The factory will make a bigger impact on South Korea's GNP than on its GDP.