Rapid Economic Growth,stable Prices and __________ Are the Three Important

question 25

Multiple Choice

Rapid economic growth,stable prices and __________ are the three important macroeconomic goals about which most economists agree.

• A) an unemployment rate of zero
• B) zero inflation
• C) full employment
• D) a high exchange rate
• E) low interest rates

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Definitions:

Dishonors

Refers to the failure to accept or pay a bill of exchange or promissory note when due.

Dishonored Note

A promissory note that has not been paid by the maker at maturity.

Maturity

The date on which a financial obligation or investment becomes due for payment or achieves its full value.

Note Receivable

A written promise that money will be paid by the debtor to the creditor at a certain date in the future.