If the inflation rate increases,
A) the real interest rate rises.
B) real GDP growth increases.
C) potential GDP increases.
D) the nominal interest rate falls.
E) the velocity of circulation increases.
E
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Which of the following describes the law of demand? When other things remain the same, as
A) the price of gas falls, the quantity demanded of gas increases. B) the quantity demanded of bread increases, the price of bread falls. C) the price of peanut butter increases, the quantity demanded of jelly decreases. D) your income increases, you'll buy more hamburgers. E) more people decide to eat pizza, the demand for pizza increases.
A special interest issue is best described as: a. one in which both sides utilize paid lobbyists to represent them
b. one which one party strongly supports and the other party strongly opposes. c. one in which a large number will each suffer small costs and a small number will each receive large benefits. d. one decided in a special session of the legislature.
In Canada, as elsewhere, the unemployment associated with a recession is called
a. structural unemployment b. frictional unemployment c. discouraged unemployment d. cyclical unemployment e. temporary unemployment
George spent $20,000 to buy bonds issued by a public sector enterprise. According to a stockbroker, the amount spent by George is: a. saving
b. an investment. c. a tax to the government. d. a consumption expenditure.