Which of the following causes the quantity of money demanded to increase?
A. an increase in nominal income
B. a decrease in the price level
C. a decrease in the interest rate
D. a decrease in nominal income
Answer: C
Economics
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Suppose the market supply curve is p = 5Q. At a price of 10, producer surplus equals
A) 50. B) 25. C) 12.50. D) 10.
Economics
In the U.S., the poverty rate is lowest among young families with a head of household under 25
a. True b. False
Economics
The most volatile component of aggregate demand is
A. consumption spending. B. government spending. C. investment spending. D. net exports.
Economics
The CPI in 1990 was 131, and the CPI in 2010 was 218. If you earned a salary of $40,000 in 1990, what would be a salary with equivalent purchasing power in 2010?
A) $45,977 B) $66,565 C) $87,200 D) $143,486
Economics