The optimal bidding strategy for an oral auction is
a. To shade your bid below your true value and drop out well before it is reached
b. To shade your bid below your true value and drop out just when the shaded amount is reached
c. To drop out when the bidding exceeds your true value
d. To size up your competition to determine how much to shade your bid
c
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As more and more businesses accept credit cards, the
A) demand for money decreases. B) supply of money decreases. C) quantity of money demanded decreases. D) demand for money increases. E) quantity of money demanded increases.
If the Fed sells more bonds to the public, then the money supply will:
A. Decrease and the aggregate demand curve will shift to the right. B. Increase and the aggregate demand curve will shift to the right. C. Increase and the aggregate demand curve will shift to the left. D. If the Fed sells more bonds to the public, then the money supply will shift to the left.
If the MPC is .75, then a $50 billion increase in investment would result in an increase in GDP of
A. $50 billion. B. $75 billion. C. $150 billion. D. $200 billion.
Sheila sells corn in a perfectly competitive market. This month Sheila receives a higher price for a bushel of corn than she did last month. Which of the following might explain this?
A. The market demand increased for corn. B. The market demand decreased for corn. C. Firms entered the market. D. Sheila's costs have decreased.