An increase in the nominal interest rate
A) shifts the demand for money curve rightward.
B) shifts the demand for money curve leftward.
C) leads to an upward movement along the demand for money curve.
D) leads to a downward movement along the demand for money curve.
C
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Choices that are best for the individuals that make them are choices in pursuit of
A) the social interest. B) efficiency. C) incentives. D) self-interest. E) equity.
The relationship between price and quantity supplied after firms fully adjust to any short-term economic profit or loss resulting from a change in demand is illustrated by the
a. long-run industry supply curve b. Dutch auction model c. short-run firm supply curve d. constant-cost industry supply curve e. short-run industry supply curve
The best measurement for comparing the standard of living between two countries is:
A. The ratio of current GDP to GDP in the base period. B. GDP per capita. C. Investment as a percentage of GDP. D. GDP per worker.
A decrease in interest rates will
A. shift the investment function relating planned investment to the interest rate to the left. B. be a movement along the investment function relating planned investment to the interest rate. C. shift the investment function relating planned investment to the interest rate to the right. D. have no impact on the investment function relating planned investment to the interest rate.