Which of the following phrases does not accurately describe a feature of the European economy during the Renaissance period?
a. Technological advances in navigation
b. The rise of nation-states
c. Declining population
d. Increased security of persons and property
c. declining population
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Suppose your uncle offers you $100 today or $150 in 10 years. You would prefer to take the $100 today if the interest rate is
a. 3 percent. b. 4 percent. c. 5 percent. d. None of the above is correct.
The Federal Reserve System's four monetary policy goals are
A) low government budget deficits, low current account deficits, high employment, and a high foreign exchange value of the dollar. B) a low rate of bank failures, high reserve ratios, price stability, and economic growth. C) price stability, high employment, economic growth, and stability of financial markets and institutions. D) price stability, low government budget deficits, low current account deficits, and a low rate of bank failures.