According to monetarists, a change in the money supply changes:
A. the velocity of money, which in turn changes the nominal GDP.
B. investment spending, which in turn changes the nominal GDP.
C. the interest rate, which in turn changes the nominal GDP.
D. aggregate demand, which in turn changes the nominal GDP.
D. aggregate demand, which in turn changes the nominal GDP.
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The above table shows the total product schedule for the campus book store. If each employee is paid $6 per hour, what is the average variable cost of selling 83 books per hour (assuming labor costs are the only variable costs of production)?
A) $0.43 per book B) $0.07 per book C) $2.30 per book D) $6.00 per book
Which of the following best describes the entire U. S. refreshment beverage market?
A) monopoly B) oligopoly C) monopolistic competition D) perfect competition
During most of the 1990s, average hours worked per week ____, then, after 2000 . started to ____
a. rose steadily; level off b. remained virtually constant; drop slowly. c. were on the upswing; fall slowly. d. continued to decline; level off
When two variables move in the same direction, the curve relating them is downward sloping, and we say the variables are negatively related
a. True b. False Indicate whether the statement is true or false