When a nation has a money supply of 4,000, a money velocity of 2, and a GDP of 800, the price level is 100.

Which type of unemployment is likely to be higher when real GDP growth is lower? a. frictional unemployment b. cyclical unemployment c. structural unemployment d. natural rate of unemployment

Suppose the Fed carries out an open market purchase and credits the account of a bank by $160,000. Further suppose that the reserve ratio (RR) is 10%. By how much is the money supply expected to change? a. $160,000 b. $1.6 Million c. $16 Million d. $1.76 million

Suppose the nominal GDP of a country is $500 billion. If the velocity of money in the country is 10, then the country’s money supply will equal: a. 5000 billion b. 510 billion c. 490 billion d. 50 billion

A shortage of savings in the loanable funds market will: a. drive market interest rates up. b. drive market interest rates down. c. increase the supply of loanable funds. d. increase the demand for loanable funds. 

Which is MOST liquid? a. mortgage loan b. checkable deposits in a bank c. truck d. a diamond

In which of the following are similarities routinely important to the long-term success of a partnership?

Suppose the nominal interest rate is 4% and the inflation rate is 5%. The real interest rate is: a. 9% b. 0% c. 1% d. -1%

Match the statement to the term.

Superoxide dismutase converts oxygen free radicals to water and oxygen.