_______ refers to how quickly, easily, and reliably an asset can be converted into cash.

The effective operation of the U.S. economic system depends upon

A) high profits. B) low profits. C) stable profits. D) the expectation of profits.

If nominal GDP increases by 5 percent a year and the GDP price index rises by 2 percent a year, then real GDP increases by ________

A. 7 percent a year B. 3 percent a year C. 2.5 percent a year D. 10 percent a year