If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall.
b. M2 money supply to fall.
c. M2 money multiplier to remain the same.
d. M2 money supply to rise.
.C
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Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, Germany is most likely to expand its PPF to
A) PPF3 or PPF2. B) PPF3. C) PPF1. D) PPF1. or PPF2. E) PPF2.
Which of the following will limit the ability of a union to push the wages of its members much above competitive levels?
a. the presence of nonunion firms that produce the same product as the unionized labor b. foreign competition in the market for the product produced by the unionized labor c. a highly elastic demand for the product supplied by the unionized labor d. all of the above
The fact that people prefer present consumption to future consumption results in:
A. an upsloping supply of loanable funds curve. B. a downsloping demand for loanable funds curve. C. a downsloping supply of loanable funds curve. D. an upsloping demand for loanable funds curve.
The market supply curve in a perfectly competitive market is usually
A. Vertical. B. Horizontal. C. Downward-sloping. D. Upward-sloping.