If the government has a balanced budget, the total amount of government debt is...

When we keep part of our wealth in a bank checking account, we are using money as a

A) store of value. B) medium of exchange. C) barter token. D) unit of account. E) unit of currency.

Suppose the price level increases and real GDP remains the same. Then

A) nominal GDP must decrease. B) nominal GDP must remain unchanged. C) nominal GDP must increase. D) none of the above are true.