In Country A, the government introduced printed pieces of paper that promise to pay the bearers a certain amount of money. People of the country started using the pieces of paper as a medium of exchange. In this country, the printed paper is an example of:
a. near money

Saying the consumer is rational means

A) the consumer is a stand-in for all consumers. B) the consumer is getting rationed. C) the consumer makes reasonable choices. D) the consumer makes the best choices.

A nonpolicy reason for the reduction in the natural rate of unemployment is the

A. expansionary nature of monetary policy. B. aging of the U.S. labor force. C. decline in interest rates. D. growing federal budget surplus.