Q5&6 FALL 1999

Q5&6 FALL 1999 - ECON 110E #5&6 Fall 1999 QUIZ...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ECON 110E QUIZ Sankaran Fall 1999 1. Money that has no value other than as money is called: A. fiat money. B. intrinsic money. C. commodity money. D.government money. 2. The natural rate of unemployment is: A. the average rate of unemployment around which the economy fluctuates. B. about 10 percent of the labor force. C. a rate that will never be changed no matter what happens. D. the transition of individuals between employment and unemployment. 3. In a closed economy, the components of GDP are: A. consumption, investment, government spending, and exports. B. consumption, investment, government spending, and net exports. C. consumption, investment, and government spending D. consumption and investment. 4. Using the loanable funds model, a reduction in the government budget deficit, cetirus paribus, will lead to a: A. higher real interest rate. B. lower real interest rate.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/14/2011 for the course ECON 222 taught by Professor Shimpalee during the Spring '10 term at South Carolina.

Page1 / 2

Q5&6 FALL 1999 - ECON 110E #5&6 Fall 1999 QUIZ...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online