The higher the rate of unemployment:
A. The larger is the GDP gap
B. The smaller is the GDP gap
C. The higher is the level of actual GDP
D. The lower is the level of potential GDP
A. The larger is the GDP gap
Economics
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You can think of velocity as:
A. how much output money can buy. B. how quickly prices are rising. C. how often money changes hands. D. the ratio of the money supply to the inflation rate.
Economics
If brokerage commissions on bond sales decrease, then, other things equal, the demand for bonds will ________ and the demand for real estate will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Economics