When you buy a hotdog for lunch, you are using money as a
A. store of value.
B. medium of exchange.
C. unit of accounting.
D. standard of deferred payment.
Answer: B
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As interest rates fall,
A) the values of bonds rise. B) the values of bonds fall. C) the values of bonds are unchanged. D) the value of perpetuities are unchanged, but the value of other bonds change in value. E) the value of all bonds except perpetuities change.
Consider a portfolio with three stocks, each with the same value. The three stocks have standard deviations of 20%, 40%, and 90%. The standard deviation of this portfolio is
a. no greater than 50%. b. less than 20%. c. exactly 40%. d. more than 90%.
The Monetarist transmission mechanism through which monetary policy affects the price level, real GDP, and employment depends on the:
A. indirect impact of changes on the interest rate. B. indirect impact of changes on profit expectations. C. direct impact of changes in fiscal policy on aggregate demand. D. direct impact of changes in the money supply on aggregate demand.
an inflation rate in excess of 200%, lasting at least one year
What will be an ideal response?