When there is an excess demand for money, households will _____ interest-bearing bonds, causing interest rates to _____
Fill in the blank(s) with correct word
sell, rise
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Which of the following labor market statistics best indicates the amount of labor that is available to the economy from a given working-age population?
A) labor force participation rate B) unemployment rate C) discouraged-worker ratio D) the ratio of minimum wage to inflation
Assume that the price of a futures contract is higher than the price of the underlying security during the delivery period. Arbitrageurs would
A) buy the futures, simultaneously sell the underlying asset, and pocket the price difference. B) sell the futures, simultaneously buy the underlying asset, and pocket the price difference. C) sell the futures, simultaneously sell the underlying asset, and pocket the price difference. D) buy the futures, simultaneously buy the underlying asset, and pocket the price difference.