Refer to the graph below. The slope of the tangent line at various points on the curve as the value of X increases (i.e., as we move to the right along the curve) is: (confusing)
A. Increasing in algebraic value
B. Decreasing in algebraic value
C. Becoming more positive
D. Becoming less negative
Answer: B
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An increase in the real interest rate ________ the quantity of loanable funds supplied and ________ the quantity of loanable funds demanded
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
In order for barter trades to occur, there must be a
A. singularity of interests. B. bargaining intermediary. C. double coincidence of wants. D. sufficient supply of cash.
As output rises, marginal product eventually diminishes and
a. marginal cost increases b. average cost falls c. total cost falls d. fixed cost is increasing e. average product is negative
The reserve ratio refers to
A. the proportion of assets held in the form of cash or deposits in the Federal Reserve. B. the proportion of deposit liabilities that must be held in the form of cash or deposits in the Federal Reserve. C. the proportion of reserves that must be held in the form of vault cash. D. the proportion of reserves that can be loaned out.