Which of the following factors leads to a drastic rise in the price of assets?
a. Increased supply of assets
b. Increase in the market rate of interest
c. Reduced demand for money
d. Increased liquidity in the economy
e. Contractionary monetary and fiscal policies being undertaken by the government
d
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In 2017, about what percentage of goods and services sold in the United States was imported?
A. 5 percent B. 15 percent C. 22 percent D. 88 percent
Using the above table, what is the total utility of consuming 3 bottles of soda?
A. 240 B. 115 C. 135 D. 120
In a monopolistically competitive industry, good product substitutes are available whereas in a monopoly they are not available.
Answer the following statement true (T) or false (F)
A nation's real GDP will increase by increasing the following, except:
A. Number of workers B. Labor productivity C. Technological progress D. Average price level