An increase in the money supply will:
A. lower interest rates and lower the equilibrium GDP.
B. lower interest rates and increase the equilibrium GDP.
C. increase interest rates and increase the equilibrium GDP.
D. increase interest rates and lower the equilibrium GDP.
B. lower interest rates and increase the equilibrium GDP.
You might also like to view...
To keep employees from shirking, invest in greater monitoring
a. if monitoring is inexpensive relative to its benefits b. especially when monitoring is not very efficient c. when employees respond well to incentive contracts d. when incentives solve both moral hazard and adverse selection problems with employees
The primary difference between an import tariff and an import quota is that
a. tariffs cause prices to rise, but quotas do not b. quotas cause prices to rise, but tariffs do not c. tariffs result in a net welfare loss, but quotas do not d. quotas result in a net welfare loss, but tariffs do not e. tariff revenues go to government, but quotas benefit those with the right to sell foreign goods domestically
A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000.What is the marginal product of labor?
A. 8 units of output per worker B. $16 per worker C. $8 per worker D. 16 units of output per worker E. none of the above
In the case of a public good, a demand curve that shows the marginal benefit of the good is:
A. nonexistent. B. perfectly inelastic. C. the horizontal sum of individual demand curves. D. the vertical sum of individual demand curves.