The difference between a stock and a flow is
A) a stock is something measured at one point in time while a flow is something that is expressed per unit of time.
B) a stock is something measured at one point in time while a flow is something that is fixed.
C) a stock is expressed per unit of time while a flow is measured at one point in time.
D) a stock refers to the solid inventory firms have on hand while a flow refers to the liquid inventory firms have on hand.
A
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The aggregate demand curve shows the
A) total amount of nominal goods that the participants in the economy want to purchase. B) amount of goods producers will produce as production costs fall. C) total amount of real goods that foreigners want to purchase. D) total amount of planned expenditures on goods and services at each possible price level.
The main goals of monetary policy include all of the following EXCEPT
A) attaining the maximum sustainable growth of potential GDP. B) keeping the unemployment rate close to the natural unemployment rate. C) keeping the long term nominal interest rate equal to the real interest rate plus the inflation rate. D) keeping the inflation rate low. E) keeping the long-term interest rate at a moderate level.