An increase in the money supply may __________ total expenditures, leading to a __________ shift of the AD curve
A) increase; rightward
B) increase; leftward
C) decrease; rightward
D) decrease; leftward
A
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When production of a good provides external benefits, there will be
a. too few resources devoted to its production. b. too many resources devoted to its production. c. the optimal amount of resources devoted to its production. d. abnormally high profits earned by producers of the good.
If prices in Mexico rise at a higher rate than prices in the U.S., then according to purchasing-power parity the U.S. nominal exchange rate with Mexico should rise
a. True b. False Indicate whether the statement is true or false
Some modern theories of consumer behavior have:
A) emphasized that consumption is basically an instantaneous act. B) contended that in the MUx/Px = MUy/Py equation MU is understated for time-intensive goods. C) introduced the opportunity cost of time as a component of product price. D) argued that inflationary expectations negate the theory of consumer behavior.
If a regression equation has only one explanatory variable, say x1, its standardized coefficient must lie in the range:
A. -2 to 0. B. -1 to 1. C. 0 to 1. D. 0 to 2.