If an economy produces 3,000 units of output with a money supply of $500 and a velocity of 9, we know the price level must be:
A. $1.50.
B. $2.
C. $4.50.
D. $9.
A. $1.50.
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If the German interest rate is 4% and the U.S. interest rate is 5%, what is the expected change in the value of the dollar in terms of the euro?
A) 1% B) -1% C) 9% D) -9%
When the manager of a local movie theater raises the price of movie tickets from $7.50 to $8.50, his total revenue falls. This means that:
a. the demand for movie tickets is highly elastic. b. the supply of movie tickets is perfectly elastic. c. the supply of movie tickets is unit-elastic. d. the demand for movie tickets is inelastic. e. the supply of movie tickets is inelastic.
Chrissy and Marvin are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them advertise, each will earn a profit of $10,000 . If neither of them advertise, each will earn a profit of $20,000 . If one advertises and the other doesn't, then the one who advertises will earn a profit of $30,000 and the other will earn $14,000 . To earn the highest
profit, Chrissy a. should advertise, and she will earn $10,000. b. should advertise, and she will earn $30,000. c. should not advertise, and she will earn 20,000. d. has no dominant strategy.
According to the equation of exchange, the total amount of funds spent on final ______ is equal to the total amount of funds received for the final ______.
a. output; input. b. output; output. c. input; output d. input; input