The value of the money multiplier will depend on the rate of interest that banks charge
a. True
b. False
Indicate whether the statement is true or false
False
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A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days. This statement suggests that
A) society should value good grades more highly than sleep because students can catch up on their sleep once final exams are over. B) there is a trade-off between studying and sleep. C) students are more concerned about good grades than good health. D) society should value sleep more highly than good grades.
Because GDP does not account for improvements in the quality of goods, the GDP calculation:
a. tends to overstate the true value of output in the United States. b. tends to understate the true value of output in the United States. c. provides an accurate value of output in the United States. d. provides the best measure of output in the United States. e. measures the value correctly because price changes always capture the value of quality changes.
Okun's Law posits a relationship between which two variables?
Select one: a. The interest rate and real GDP b. The unemployment rate and inflation c. The unemployment rate and real GDP d. The unemployment rate and the interest rate
If Gerry saves $500 per month, then Gerry's ________ will increase by ________.
A. income; $500 only if he buys additional assets B. wealth; $500 only if he has no debt C. wealth; $500 only if he buys additional assets D. wealth; $500