In the short run, which of the following actions raises the interest rate?
A) a decrease in the demand for money
B) an increase in bond prices
C) an increase in the quantity of money
D) an increase in the demand for money
D
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If a firm sells to two distinct identifiable markets and resale is impossible, why is price discrimination more profitable than setting a single price?
What will be an ideal response?
In recent years the economy of Japan has grown, despite the fact that the population of Japan has declined. Which of the following would best explain Japan's economic growth despite having a smaller population?
What will be an ideal response?
As applied to the price level, the "rule of 70" indicates that the number of years required for the price level to double can be found by:
A. dividing 70 into the annual rate of inflation. B. dividing the annual rate of inflation into 70. C. subtracting the annual change in nominal incomes from 70. D. multiplying the annual rate of inflation by 70.
Mercosur is a trade agreement between nations
A. in Southern Europe. B. in South America. C. in Southeast Asia. D. in South Africa.