Which of the following would cause the money demand curve to shift to the left?
A) a decrease in real GDP
B) an increase in the interest rate
C) an increase in the price level
D) an open market purchase of Treasury securities by the Federal Reserve
A
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Refer to Figure 13-2. Ceteris paribus, a decrease in the expected price of an important natural resource would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
A construction company builds roads with machinery (capital, K) and labor (L)
If we plot the isoquants for the production function so that labor is on the horizontal axis, then a point on the isoquant with a small MRTS (in absolute value) is associated with high ________ use and low ________ use. A) labor, capital B) capital, labor C) concrete, gravel D) none of the above
Jason works in finance at an MNE. Part of his job is to invest large sums of money in various markets. His latest transaction was investing $10,000 in British pounds for 120 days, then taking the British pounds and investing them in euros for 90 days, and then converting it all back to U.S. dollars. Jason is most likely participating in ________.
A) interest arbitrage B) speculation C) cryptocurrency D) options
Consider the economic impact of Hurricane Florence in 2018. Which of the following statements is correct?
A. Spending toward reconstruction would lead to an increase in GDP. B. Increased government spending on relief efforts in the United States would decrease GDP. C. Damaged buildings and looting would lead to a decrease in GDP. D. U.S. well-being improves the more reconstruction efforts are needed, following the decline in GDP.