A ________ is a transaction in which both a spot transaction and a forward transaction are agreed upon simultaneously

The calculation of GDP excludes the value of

A) government expenditure on office supplies. B) households' purchases of shampoo. C) businesses' purchase of new machine tools. D) a family member painting the family home. E) expenditure on durable goods.

Answer the following questions true (T) or false (F)

1. Rising nominal GDP will increase the demand for money and short-term interest rates. 2. Buying a house during a recession may be a good idea if your job seems secure because the Federal Reserve often lowers interest rates during a recession. 3. In 2008, the Fed began paying banks interest on their reserve holdings.