What is the nominal value of money?
A. what can be purchased with the money
B. discounts taken by multiple purchases
C. savings by shopping on specific days of the week
D. its actual face value
Answer: D
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In recent years, a monetary growth rule has fallen out of favor because
A) the close relationship between movements in M1 and movements in real GDP has become weaker. B) it is believed that active monetary policy destabilizes the economy and makes the business cycle worse. C) the growth rate of GDP has been highly unstable. D) the growth rate of M1 has become more stable.
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a lower cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce ________ than Sparkle Cleaners and earn an economic profit that is ________ Sparkle Cleaners.
A) less; more than B) less; the same as C) more; more than D) more; the same as
The imposition of a binding price floor on a market
a. causes quantity demanded to be greater than quantity supplied. b. causes quantity demanded to be less than quantity supplied. c. causes quantity demanded to be equal to quantity supplied. d. causes a decrease in demand.
What is microfinance, and how can it contribute to economic growth?
What will be an ideal response?