A "near money" is an asset that can be
a. indistinguishable from commodity money.
b. spent easily.
c. a close substitute for money.
d. only issued by a bank.
c
You might also like to view...
Data on output and aggregate expenditure in Macroland are given in the table below.Real GDP (Y)Aggregate Expenditure (AE)2,0002,3003,0003,2004,0004,1005,0005,0006,0005,900Based on these data, the equilibrium level of output is
A. $32,000. B. $4,100. C. $20,000. D. $5,000.
Which of the following is correct? A general assumption in real business cycle models is that
a. dissimilar individuals populate the economy. b. the labor market does not clear. c. the economy is populated by a group of identical individuals. d. the economy experiences involuntary unemployment.
Product-specific services are often ________, but if they create value for the consumer, they ________ the retail demand.
A) inexpensive; increase B) inexpensive; decrease C) costly; decrease D) costly; increase
What is the labor force? Employed 1000 Unemployed 500 Not in labor force 600
What will be an ideal response?