With velocity constant and equal to 2, a $10 billion increase in the money supply shifts the LM curve to the right by
A) $2 billion.
B) $5 billion.
C) $10 billion.
D) $20 billion.
D
Economics
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Positive economic principles are those that:
A. are influenced by political ideology. B. are always correct. C. predict how people will behave. D. indicate how people should behave.
Economics
As the number of firms increases in a market, the differences between the Cournot, Stackelberg, and price-taking market structures
A) decreases. B) increases. C) remains the same. D) cannot be determined.
Economics
A resource's earnings are all economic rent when the resource has no alternative uses
a. True b. False
Economics
If a firm has an accounting profit of $2,350,000 and implicit costs totaling $150,000 . then its economic profit equals
a. $2,350,000 b. $2,500,000 c. $2,200,000 d. $150,000 e. $2,000,000
Economics