Which of the following decreases the demand for money?
A) an increase in income
B) an increase in real GDP
C) a decrease in the price level
D) expectations of higher bond prices
Ans: C) a decrease in the price level
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Compared to a country with an MPS of 0.05, a country with an MPS of 0.2 would have to change government expenditures by ________ as much to have the same impact on real GDP.
A. twice B. three times C. four times D. five times
Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. What is the cost to Firm B of eliminating 2 tons of pollution?
A. $350 B. $250 C. $300 D. $140 E. $540
The compensated demand curve only responds to the income effect from a price change
Indicate whether the statement is true or false
Which of the following is a distinguishing characteristic of the oligopoly market structure?
a. easy entry b. difficult entry c. many, many firms d. many, many close substitutes e. firms's horizontal demand curves