According to Keynes, it is __________ to have __________ holding money
A) possible; capital gains or losses from
B) impossible; capital gains and losses from
C) possible; a higher opportunity cost of
D) impossible; a lower opportunity cost of
C
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The supply curve for a good is a line that relates
a. profit and quantity supplied. b. quantity supplied and quantity demanded. c. price and quantity supplied. d. price and profit.
Which of the following statements is true?
a. According to the quantity theory of money, any change in the money supply will have no effect on the price level. b. There is an inverse relationship between the quantity of money demanded and the interest rate. c. All of the answers are correct. d. The speculative demand for money at possible interest rates gives the demand for money curve its upward slope.
The granting of small, unsecured loans to small businesses and entrepreneurs is known as
A. Growth finance. B. Long-term finance. C. Microfinance. D. Extreme finance.
Suppose total benefits and total costs are given by B(Y) = 100Y ? 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits?
A. 100/36 B. 75/36 C. 75/18 D. 50/18