Macroeconomic topics do not usually include:
a. the rate of inflation
b. the rate of unemployment.
c. economic growth.
d. the profit maximizing decisions of an individual firm.
d
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George makes $250 a week working as a student aid. When he cashes his check he takes $100 to the cashiers office to pay part of his tuition. $25 goes to paying off his books, $75 goes for entertainment and $50 he keeps for unexpected expenditures
Which of the following statements is TRUE? A) The transactions demand for money is $125, the precautionary demand is $75 and the asset demand is $50. B) The transactions demand for money is $0, the precautionary demand is $250 and the asset demand is $0. C) The transactions demand for money is $200, the precautionary demand is $50 and the asset demand is $0. D) The transactions demand for money is $250, the precautionary demand is $0 and the asset demand is $0.
Real GDP is GDP in a given year
A) valued in the prices of the base year. B) valued in the prices of that year. C) adjusted only for unanticipated inflation. D) adjusted only for anticipated inflation.