What function is money serving when you use it when you go shopping?
A medium of exchange
A store of value
A medium of deferred payment
A unit of account
A medium of exchange
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A _________ is an agreement under which stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies
a. trust b. gentleman's agreement c. holding company d. pooling arrangement
Economists feared that any attempt to _________________ without first ___________________ would have been ineffective at best and dangerous at worst.
A. stimulate aggregate demand; addressing the lack of supply B. address the lack of supply; stimulating aggregate demand C. curtail inflation; lowering interest rates D. lower interest rates; curtailing inflation
Which of the following is the money multiplier?
A. The required reserve ratio. B. 1/(1 - the required reserve ratio). C. 1/(required reserve ratio). D. 1/(1 - MPC).
According to this Application, real GDP only grew by ________ percent from the end of the recession in 2009 through 2014
A) 2.0 B) 5.4 C) 10.8 D) 15.0