An example of a good that can be used for money that has intrinsic value is:
A. cigarettes.
B. fish.
C. gold.
D. All of these have intrinsic value.
D. All of these have intrinsic value.
Economics
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The rate of growth in real GDP minus the rate of growth of the population is the
A) rate of growth of nominal GDP. B) population growth rate. C) rate of growth of per capita real GDP. D) unemployment rate.
Economics
In the view of the classical school, unemployment
a. is a permanent condition b. disappears when everyone who is willing to work at the equilibrium wage finds employment c. exists because people do not interfere with the competitive process d. is only temporary because all wages and prices are rigid e. is necessary and not really harmful to the economy
Economics