The demand for money is
A) positively related to the nominal interest rate.
B) positively related to the real interest rate.
C) positively related to the price level.
D) negatively related to real GDP.
E) negatively related to the price level.
C
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In the above figure, of the quantities listed below, for which is the total deadweight loss the largest?
A) 0 units B) 10 units C) 20 units D) 30 units
The distinction between public health problems and private health problems becomes blurred when _____
a. externalities are positive b. preferences are quasi-linear c. health insurance is unavailable d. health care spending is from public coffers
In the second quarter of 1995, the following values were observed: real GDP = 4,359.3 billion; GDP Deflator = 325.1; and M1 = 989.5 . What is the value of velocity?
a. 32.51 b. 24.31 c. 14.32 d. 2.31
A study using data from the late 1960s showed that black baseball players earned less than comparable white players. Studies of more recent salaries in baseball, however, have found no evidence of discriminatory wage differentials
a. True b. False Indicate whether the statement is true or false