If a person uses money to buy a pair of shoes, money is functioning as

In the short run, a decrease in wage rates, ceteris paribus, shifts the

Aggregate demand curves are

The civilian non-institutional population consists of everyone in the population who is

When a bank makes a loan to one of its customers, to the bank the loan is classified as

M1 is referred to as the 

One measure of the inflation rate is the

Exhibit 6-2 Year Civilian  Noninstitutional Population (millions) Civilian Labor Force (millions) Employed Persons (millions) 1 250 200 175 2 400 300 200 3 500 400 350 4 1000 800 720 Refer to Exhibit 6-2. The unemployment rate in year 1 is

The largest component of national income in the United States is

In year 1 the CPI is 140, and in year 2 the CPI is 154. From year 1 to year 2, Marcy’s salary rises from $43,000 to $48,000, and Daphne’s salary rises from $65,000 to $70,000. Who is “more than keeping up with inflation”?