Other questions in this quiz

2. Deflating a nominal quantity is the process of dividing a ____ quantity by a ______ in order to express the quantity in ______ terms.

  • nominal; price index; real
  • nominal; real quantity; nominal
  • real; nominal quantity; real
  • nominal; nominal quantity; real
  • real; price index; nominal

3. The demand for Swiss francs in the foreign exchange market equals 11,000 - 25,000 e and the supply of Swiss francs in the foreign exchange market equals 9,000 + 25,000 e, where e is the nominal exchange rate expressed in U.S. dollars per franc. The f

  • .04; 25
  • .2; 5
  • 5; .2
  • 25;.04
  • 2000; .0005

4. People who would like to work full time, but are able to find only part-time work are officially counted as:

  • unemployed.
  • chronically unemployed
  • employed.
  • discouraged workers
  • out of the labour force.

5. A decrease in the money supply leads to a _____ equilibrium value of ______

  • lower ; both Y and i
  • unchanged ; both Y and i
  • higher ; both Y and i
  • higher: i
  • higher ; Y

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