Which of the following will cause an increase in the quantity demanded of ice cream at an ice cream store?
a. The onset of summer brings about an increase in the temperature.
b. The price of frozen yogurt that is sold at the store is reduced by 5 percent.
c. A new ice cream flavor is introduced at the store.
d. The store introduces a limited period offer of 20 percent off on the price of ice cream.
e. The income of the store's consumers increases.
d
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In the case of the Ford Pinto, Ford decided that
A) it would be cheaper to pay damages to families involved in crashes than to fix the problems with the Pinto. B) it would be more expensive to pay damages to families involved in crashes than to fix the problems with the Pinto. C) the problems with the Pinto could not be easily or cheaply fixed. D) it would not be held liable for damages caused by the Pinto and therefore had no reason to fix them.
Of all the components of the M1 and M2 measures of the money supply, the largest is savings deposits
Indicate whether the statement is true or false
Describe the three basic tools used by the Fed to change the money supply. Which of these tools is most relied on in practice? Least relied on? Why?
What will be an ideal response?
If the cost of a typical basket of goods in the U.S. is $100 and in Germany it is 200 euros, and the nominal exchange rate is 0.7 euro per dollar, what is the real exchange rate?
A. 1.50. B. 3.50. C. 0.35. D. 0.50.