The balance sheet of a bank shows its
A) assets and liabilities. B) earnings and expenses.
C) revenues and costs. D) profits and losses.
A
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The IS curve shows the combinations of output and the real interest rate for which
A) the goods market is in equilibrium. B) the labor market is in equilibrium. C) the financial asset market is in equilibrium. D) an increase in output will cause the market-clearing interest rate to be bid up.
The natural rate of unemployment is constant over time
a. True b. False Indicate whether the statement is true or false
When money is held as an asset, it is serving as a:
A. unit of account. B. standard of value. C. medium of exchange. D. store of wealth.
The benefit of holding money is ________, while the opportunity cost of holding money is ________.
A. the nominal interest rate; the fees charged by banks B. increased income; lost purchasing power C. its usefulness in carrying out transactions; the nominal interest rate D. the nominal interest rate; its usefulness in carrying out transactions