Wealth is
A) equivalent to saving.
B) another name for income.
C) the same as investment in financial capital.
D) defined as the money in your savings account.
E) the value of all the things that a person owns.
E
Economics
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The theory of portfolio choice indicates that factors affecting the demand for money include
A) income. B) nominal interest rate. C) liquidity of other assets. D) all the above.
Economics
The gap that exists when equilibrium real Gross Domestic Product (GDP) is greater than full employment real Gross Domestic Product (GDP) is called a(n)
A) employment gap. B) inflationary gap. C) recessionary gap. D) demand gap.
Economics