The opportunity cost of holding money balances rather than holding other assets is
A) the nominal interest rate.
B) the price level.
C) forgone consumption.
D) forgone liquidity.
A
Economics
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Which of the following is CORRECT about a time-series graph?
I. The x-axis measures time. II. A time-series graph can reveal if there is a trend in the variable. A) only I B) only II C) both I and II D) neither I nor II
Economics
Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will
A) increase. B) remain constant. C) decrease. D) not change in a way that can be predicted.
Economics