Assume that the Cambridge k = .20. If income is equal to $100,000, the transactions demand for money is equal to
A) $20,000.
B) $50,000.
C) $100,000.
D) $500,000.
A
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The number of buyers of sport utility vehicles, SUVs, decreases sharply. So the
A) demand curve for SUVs does not shift, but there is a movement downward along it. B) demand curve for SUVs shifts leftward. C) demand curve for SUVs shifts rightward. D) demand curve for SUVs does not shift, nor is there a movement along then demand curve. E) supply curve for SUVs shifts rightward.
The decisions Apple makes in determining production levels for its iPhone is an example of a microeconomic topic
Indicate whether the statement is true or false
A bank's assets and liabilities are listed on a _____
a. balance sheet b. loan application c. deposit slip d. return statement
If we observe that a consumer's budget constraint has shifted outward, we can assume that the consumer will buy
a. fewer normal goods and more inferior goods. b. more normal goods and fewer inferior goods. c. more normal goods and more inferior goods. d. fewer normal goods and fewer inferior goods.