One conceptual problem in assigning assets to M1, M2, etc. is
a. distinguishing money from "near monies."
b. the problem of measuring asset size.
c. the need to agree on a unit of account.
d. the different size of financial assets.
a
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In applying the lower of cost or market rule, market may be represented by:
a) current replacement costs b) net realizable value c) net realizable value less a normal profit margin d) any of the above may be correct
The long-run Phillips curve shows the relationship between the ________ and the ________ when there is no ________ unemployment
A) inflation rate; employment rate; seasonal B) inflation rate; unemployment rate; cyclical C) inflation rate; unemployment rate; structural D) nominal interest rate; real interest rate; frictional E) nominal interest rate; unemployment rate; cyclical