Which of the following is NOT a function of money?
A) medium of stored value
B) standard of deferred payment
C) unit of accounting
D) store of value
A
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Which of these is a likely impact of a decrease in the price level in an economy on the aggregate supply in the economy?
a. An increase in the quantity of real GDP supplied b. A decrease in the quantity of real GDP supplied c. A leftward shift of the aggregate supply curve d. A rightward shift of the aggregate supply curve e. An increase in the slope of the aggregate supply curve
The more firms that are attracted to an industry, the greater will be the quantity of product supplied at any given price
a. True b. False Indicate whether the statement is true or false
A general rule is that an economy is experiencing a recession when
A. real GDP declines for at least three months. B. real GDP declines for at least nine months. C. nominal GDP declines for at least nine months. D. real GDP declines for at least six months.
The Stability and Growth Pact (SGP) adopted in 1997 addressed concerns related to the:
A) tendency of nations to let their fiscal discipline promises slip once they had attained Eurozone member status. B) micromanagement tendency of the ECB toward its members. C) loss of political power of the European Parliament. D) tendency of nations to revert to using their own national currencies.