If there is an excess supply of money in the economy,
a. there is also an excess demand for money
b. there is also an excess demand for bonds
c. there is also an excess supply of bonds
d. the interest rate will rise
e. the Fed must intervene to restore equilibrium
B
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As the price level rises
A. people will want to buy fewer bonds, so the interest rate falls. B. people will want to buy fewer bonds, so the interest rate rises. C. people will want to buy more bonds, so the interest rate falls. D. people will want to buy more bonds, so the interest rate rises.
GDP can be computed as the sum of
A) all sales that have taken place in an economy over a period of time. B) the total expenditures of consumers and business over a period of time. C) the total expenditures of consumption, investment, and government expenditure on goods and services over a period of time. D) the total expenditures of consumption, investment, government expenditure on goods and services, and net exports over a period of time.