The financial institutions in our banking system are all in the business of transferring funds from savers to investors. This process is known as
A) financial intermediation. B) money laundering.
C) parachuting. D) lobbying.
Question 2
If current unemployment is close to the natural rate of unemployment, the level of the ________ GDP is likely to be close to the level of potential output.
A) real B) structural C) nominal D) estimated
