When currency outstanding increases,
A) gold certificates rise.
B) the money supply increases.
C) Fed assets increase.
D) bank deposits at the Fed decrease.
D
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If the production technology has increasing returns to scale, short run marginal cost curves must be downward sloping.
Answer the following statement true (T) or false (F)
The interest parity condition indicates that the interest differential is equal to the
A) risk premium. B) forward premium. C) futures premium. D) arbitrage premium.
Suppose the price of movies seen at a theater rises from $12 per couple to $20 per couple. The theater manager observes that the rise in price causes attendance at a given movie to fall from 300 persons to 200 persons
What is the arc price elasticity of demand for movies? A) 0.5 B) 0.8 C) 1.0 D) 1.2
According to the law of demand, a demand curve:
A. Is upward sloping. B. Is downward sloping. C. Is a horizontal, or flat, line. D. Can slope either upward or downward based on consumer behavior.