The slope of the money demand curve is...
What will be an ideal response?
vertical (undefined)
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Approximately, the real interest rate ________ the inflation rate ________ the nominal interest rate
A) plus; equals B) equals; plus C) equals; minus D) minus; equals
Which of the following is not a potential source of demand for real loanable funds in the U.S. real loanable funds market?
a. U.S. individuals. b. U.S. businesses c. U.S. governments (state, local, and national). d. Foreign governments, businesses, and individuals. e. All the above are potential sources of demand.
A tax placed on buyers of tuxedoes shifts the
a. demand curve for tuxedoes downward, decreasing the price received by sellers of tuxedoes and causing the quantity of tuxedoes to increase. b. demand curve for tuxedoes downward, decreasing the price received by sellers of tuxedoes and causing the quantity of tuxedoes to decrease. c. supply curve for tuxedoes upward, decreasing the effective price paid by buyers of tuxedoes and causing the quantity of tuxedoes to increase. d. supply curve for tuxedoes upward, increasing the effective price paid by buyers of tuxedoes and causing the quantity of tuxedoes to decrease.
Refer to the given data. At the profit-maximizing level of employment, this firm's total revenue will be:
A. $16.
B. $32.
C. $24.
D. $30.