In the short run, which of the following is the most likely effect of an unanticipated move to a more expansionary monetary policy?
a. an increase in employment
b. a decrease in employment
c. an increase in the velocity of money
d. an increase in prices proportional to the rise in the money supply
A
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A plant is located at the cost-minimizing location when the marginal benefit of moving closer to the inputs is ________ the marginal cost.
A) greater than B) exactly double C) equal to D) less than
Which of the following events must result in a lower price in the market for Snickers?
a. Demand for Snickers increases, and supply of Snickers decreases. b. Demand for Snickers and supply of Snickers both decrease. c. Demand for Snickers decreases, and supply of Snickers increases. d. Demand for Snickers and supply of Snickers both increase
The main advantage that metal coins had as money over pieces of un-minted metal was
What will be an ideal response?
Voluntary agreements may not be a feasible method to internalize an externality when
A) the dollar value of the externality is large. B) the externality is negative rather than positive. C) there are significant transaction costs. D) there are high taxes on the firms that cause the externalities.