Once a firm has selected a price for its product, quantity is decided by consumers and their demand curves
a. True
b. False
Indicate whether the statement is true or false
True
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The M1 measure of money is suggested by the ________ approach to measuring money
A) investment B) liquidity C) transactions D) security
The marginal utility gained from the consumption of successive units of a typical good:
A. tends to decrease. B. tends to increase. C. may increase or decrease depending on the cost of the good. D. tends to stay the same.
Contractionary monetary policy tends to push the U.S. price level:
A. up and lower the exchange rate. B. down and lower the exchange rate. C. down and raise the exchange rate. D. up and raise the exchange rate.
When the government cuts taxes,
A. the aggregate demand curve shifts to the left. B. the short-run aggregate supply curve shifts to the left. C. the aggregate demand curve shifts to the right. D. the long-run aggregate supply curve shifts to the left.