An asset is liquid if:
A) its value does not change from day to day.
B) it can be easily converted into cash without loss of value.
C) it offers a positive rate of interest.
D) its value is more likely to increase in future.
B
Economics
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In market capitalism:
A) factors of production are privately owned and decisions are made privately. B) factors of production are owned by the government but decisions are made privately. C) there is no role for government. D) the consumer has few choices to make.
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If actual real GDP is greater than the equilibrium level of real GDP (i.e., the aggregate expenditures function is below the 45-degree line), what happens to restore equilibrium to the economy?
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