When the money market is drawn with the value of money on the vertical axis,
a. money demand slopes upward and money supply is horizontal.
b. money demand slopes downward and money supply is horizontal.
c. money demand slopes upward and money supply is vertical.
d. money demand slopes downward and money supply is vertical.
d
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A __________ shift in the demand curve for a foreign currency causes the foreign currency to __________
A) rightward; appreciate B) leftward; appreciate C) rightward; depreciate D) None of the above.
If the market share of the largest firm in the dental insurance field were 20%, then theoretically the highest possible Herfindahl-Hirschman Index in this field would be
A. 400. B. 1,000. C. 2,000. D. 4,000.
To correct for the underproduction of products with positive externalities, the government must
A) provide the incentives for the private sector to produce and consume the good. B) provide tougher regulations on the industry. C) increase taxes on the industry. D) fine the industry.
Economies of scale means that
A. the long-run average total cost curve slopes downward over it entire range. B. the long-run total cost curve slopes downward over it entire range. C. the four-firm concentration ratio is below 80. D. the average fixed cost curve slopes downward over its entire range.