According to the above table, the equilibrium price of DVDs is
A) $16.
B) $14.
C) $12.
D) $10.
C
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Suppose the inflation rate of a country falls from 8 percent during 2002-2004 to 6 percent in 2005-2007, under the adaptive expectations hypothesis what will the expected rate of inflation at the beginning of 2008?
a. 2 percent b. 4 percent c. 6 percent d. 8 percent
Paul, a U.S. citizen, builds a telescope factory in Israel. His expenditures
a. increase U.S. and Israeli net capital outflow. b. increase U.S. net capital outflow, but decrease Israeli net capital outflow. c. decrease U.S. net capital outflow, but increase Israeli net capital outflow. d. None of the above is correct.
Diminishing returns set in with the _____ worker.
The velocity of money is the ratio of ________ to ________.
A. real GDP; the money demand B. consumption; investment C. the money supply; the asset demand for money D. nominal GDP; the stock of money