If the money supply rises by 8% and the average price level rises by 8%, then the supply and demand for real loanable funds change as follows:
a. Actually, neither real supply nor real demand changes.
b. Real supply rises by 8% and real demand remains the same.
c. Real demand rises by 8% and real supply remains the same.
d. Real demand and supply rise by 8%.
e. Real supply rises, falls, or stays the same depending on the relationship between actual and expected inflation.
.A
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The value of the housing services provided by the economy's owner-occupied houses is
a. included in GDP, and the estimated rental values of the houses are used to place a value on these housing services. b. included in GDP, and the actual mortgage payments made on the houses are used to estimate the value of these rental services. c. excluded from GDP since these services are not sold in any market. d. excluded from GDP since the value of these housing services cannot be estimated with any degree of precision.
In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million, a labor force of 154 million and employment of 141.6 million. Based on these numbers the unemployment rate was
a. 93.3/234.9. b. 12.4/234.9. c. 93.3/154. d. 12.4/154.