The demand for money curve shows the relationship between the quantity of money demanded and
A) real GDP.
B) the inflation rate.
C) the real interest rate.
D) the price level.
E) the nominal interest rate.
E
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The supply of loanable funds is from
A) firms and the government if it has a budget deficit. B) households and the government if it has a budget deficit. C) firms and the government if it has a budget surplus. D) households and the government if it has a budget surplus. E) households and firms.
Which of the following is the best example of variable cost?
a. depreciation on a building b. property taxes c. wages d. rent paid for one’s building
The level of the exports of U.S. goods and services amounted to ________ trillion, or 14% of GDP in 2011
a. 2.1 b. 3.1 c. 4.1 d. 5.1
An imperfectly competitive firm is one that:
A. faces a perfectly inelastic demand curve. B. has at least some influence over the market price. C. seeks to maximize revenue. D. charges any price it wants.