In both the 1970s and the 1990s, extreme economic events caused unemployment to move in the same direction as inflation

The asset demand for money is related to the function of money called

A) medium of exchange. B) standard of deferred payment. C) store of value. D) unit of account.

If the quantity of credit demanded in a market exceeds the quantity of credit supplied in the market:

A) the real rate of interest tends to rise. B) the unemployment rate tends to fall. C) the rate of inflation tends to rise. D) the real rate of interest tends to fall.