The period of declining growth in real GDP, between the peak of the business cycle and the trough, is called the:
a. contractionary phase.
b. boom
c. expansionary phase.
d. static phase.
a
You might also like to view...
In a certain economy, the components of aggregate spending are given by: C = 500 + 0.8(Y - T) - 300rI = 200 - 400rG = 200NX = 10T = 150 Given the information about the economy above, what is the short-run equilibrium output if the real interest rate is 5 percent?
A. 3,775 B. 1,359 C. 944 D. 3,810
When money is used to express the value of goods and? services, it is functioning as a
A) medium of exchange. B) store of value. C) store of purchasing power. D) unit of account.
If financial investors believe that the prices of bonds and other assets will fall,
A) their precautionary demand for money goes up. B) their speculative demand for money goes up. C) their precautionary demand for money goes down. D) their speculative demand for money goes down.
Standard & Poor's sells information to investors; this is their primary business. Is this an example of a financial intermediary? Explain.
What will be an ideal response?