GDP excludes the value of intermediate goods because their value is included in the value of final goods

Interest is most fundamentally a measure of

A) the cost of money. B) the scarcity of money. C) the greater subjective value of present over future goods. D) all of the above. E) none of the above.

Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs. The people would be considered part of

A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) discouraged workers.