An excess quantity of money demanded will lead to a rise in
A) bond prices. B) income. C) the interest rate. D) investment.
C
You might also like to view...
Which of the following statements is true about monopsony?
a. c and e. b. c, d, and e. c. Monopsonists exercise complete buying power. d. Monopsonists maximize profit by setting MRP = MFC. e. Monopsonists face the whole labor supply curve.
Dan is the owner of a price-taking company that manufactures sporting goods. One particular facility Dan owns produces baseball bats and baseball gloves. His cost function for baseball bats is CB(QB, QG) = 100QB + QB2 + QBQG and the marginal cost is MCB = 100 + 2QB + QG, where QB is the output level for bats and QG is the output level for gloves. Dan's cost function for baseball gloves is CG(QB, QG) = 50QG + QG2 + QGQB, and the marginal cost is MCG = 50 + 2QG + QB. The price of a baseball bat is $240 and the price of a baseball glove is $150. What is the profit-maximizing sales quantity for baseball gloves?
A. 10 B. 20 C. 30 D. 60
Which of the following is a component of a competitive market?
a. a buyer having significant market power b. buyers boycotting similar products c. sellers offering a wide variety of products d. a seller having little market power
On which point on the graph above should the economy operate if it wants to maximize its future production possibilities?
a. A b. B c. C d. D