FIN 186 EXAMSKIIII

The three fundamental questions that any economy must address are:

A store of value refers to:

Economics is a social science that is concerned with how individuals and societies choose to use _______________.

To increase the prevailing market interest rates, The Fed can:

Real estate professionals can provide the following services except:

Real estate economics is a study of:

If the number of buyers for homes in a neighborhood is the same as the number of sellers, then the market is _____.

Microeconomics is the study of:

If interest rates rise in the market place, then _____.

The recurrent expansion and contraction in general business activity over time is called _____.

In the short run, real estate cycles tend to be most influenced by changes in:

One of the most fundamental principles of real estate economics is the recognition that:

What happens in the market for Coca Cola, a normal good, if income decreases and supply remains the same?

Real estate is defined as:

A decrease in real estate demand causes:

In a perfect market:

If consumers favor smaller cars over large SUVs, demand for SUVs will _____.

Changes in real estate demand are caused by:

If the Federal Reserve wishes to reduce the money supply, it could:

New construction may:

The reality is that fiscal and monetary tools face practical problems, due to structural difficulties and:

Imperfect markets arise when:

The government’s use of the money supply and interest rates as a tool to control swings in the business cycle is called:

When a small group of buyers or sellers is able to influence the price of a good/service, then the market is said to b.

Economists who study business cycles often describe the recovery period by: