There is a general overall __________ relationship between the price level and ____________.
A. negative; aggregate expenditures
B. positive; aggregate expenditures from the government
C. negative; nominal expenditures from the government
D. positive; nominal expenditures from households
A. negative; aggregate expenditures
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Identify the correct definition of the federal funds rate
A) The federal funds rate is the interest rate at which the Fed lends money to households. B) The federal funds rate is the interest rate at which banks lend money to the Fed. C) The federal funds rate is the interest rate at which banks lend their deposits with the Fed to other banks. D) The federal funds rate is the interest rate at which the Fed lends money to business firms.
Cyclical unemployment occurs when a(n): a. automobile worker is laid off from his job because of a recession
b. ski instructor loses his job after the winter season. c. typist loses his job as his skills have become obsolete in the current labor market. d. government employee takes early voluntary retirement.
Transactions accounts allow for direct payment to a third party.
Answer the following statement true (T) or false (F)
Refer to Table 3.1. Suppose that you have a house that you rent out. If you keep the lawn maintained, you can charge a higher monthly rent for the house. Suppose your hourly wage from your job at the mall is $10, what is the net benefit of spending 12 hours per week maintaining the lawn of the house?
A. $120
B. $210
C. $320
D. $330