To find the percentage change in price,
A. The change in quantity is divided by the average quantity.
B. The change in quantity is divided by the change in price.
C. The percentage change in quantity demanded is divided by the percentage change in price.
D. The change in price is divided by the average price.
Answer: D
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The potential money multiplier gives us
A) the maximum potential change in the money supply due to a change in reserves. B) the growth in real national income when the money supply increases. C) the maximum potential change in the money supply due to a change in income. D) the growth in the money supply when income increases.
Our balance on current account was about minus $_________ billion in 2009.
A. 300 B. 420 C. 540 D. 660
Refer to the following figure. The price of capital is $50 per unit:
What is the minimum cost of producing 1,200 units of output?
A. $7,000 B. $8,000 C. $9,000 D. $10,000 E. $11,000
If the dollar appreciates with respect to the euro, this means that
A. a European vacation for an American will be more expensive. B. it takes fewer dollars to buy the same amount of euros. C. it takes more dollars to buy the same amount of euros. D. it takes the same number of dollars to buy the same number of euros.