|
Title: The demand for money is a relationship between: Post by: qurat.ain46 on Feb 27, 2018 The demand for money is a relationship between:
a. the price level and the amount of cyclical unemployment. b. the price level and the actual output produced in an economy. c. the interest rate and how much money people choose to hold. d. the interest rate and how much money people earn during a certain time period. e. the interest rate and the rate of inflation. QUESTION 2 The nominal wage represents: a. the wage measured in terms of the quantity of goods and services a worker can purchase with it. b. the wage measured in terms of the dollar value of the goods and services a worker can purchase with it. c. the real wage from which personal taxes has been deducted. d. the standard of living of workers across time. e. the change in real wage brought about by changes in aggregate supply. QUESTION 3 The demand for money in an economy is high when the: a. real GDP is low. b. personal tax rate is low. c. unemployment rate is high. d. price level is high. e. interest rate is high. QUESTION 4 The real wage is equal to the: a. wage measured in terms of the quantity of goods and services it buys. b. wage measured in terms of the dollar value of the goods and services it buys. c. nominal wage net of taxes paid on wages. d. non-wage benefits received by workers. e. product of the nominal wage and the price level. QUESTION 5 Which of these is a flow variable? a. Money b. Income c. Jewelry d. Bank deposit e. Foreign currency reserve QUESTION 6 Which of these is true of the expected price level in a labor market? a. It is the equilibrium price level in the short run. b. It determines the actual price level in the short run. c. It determines the actual price level in the long run. d. It allows firms and resource owners to make long-term wage agreements. e. The difference between the expected and actual price levels is equal to the actual inflation rate. Title: The demand for money is a relationship between: Post by: siwar on Feb 27, 2018 |