The difference in values between money today and money in the future is lower when the rate of interest is higher
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true of the unemployment rate in a country?
A) It is not correlated with the level of economic activity in a country. B) It normally decreases during periods of both economic expansion and contraction. C) It normally increases during periods of economic expansion and decreases during periods of economic contraction. D) It normally decreases during periods of economic expansion and increases during periods of economic contraction.
Full employment is not considered to be zero unemployment because
A) some people do not want a job. B) there are not enough jobs for everyone who wants one. C) some cyclical unemployment always exists. D) people do not find jobs instantaneously.
The reciprocal of the reserve requirement is called the:
a. spending multiplier. b. tax multiplier. c. lending multiplier. d. deposit expansion multiplier. e. excess reserve multiplier.
Expectations of inflation are assumed to be constant at each point on a given short-run Phillips curve.
Answer the following statement true (T) or false (F)