All other things unchanged, we expect that an increase in interest rates will tend to
A) increase the quantity of money demanded and increase velocity.
B) increase the quantity of money demanded and reduce velocity.
C) reduce the quantity of money demanded and increase velocity.
D) reduce the quantity of money demanded and reduce velocity.
Ans: C) reduce the quantity of money demanded and increase velocity.
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Total cost divided by the number of units produced is called:
a. total cost b. average cost c. marginal cost d. variable cost
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a. True b. False Indicate whether the statement is true or false
Some economists suggest that increased international trade with countries that have a greater proportion of unskilled workers has led to an expanding wage gap between high-skill and low-skill workers in the United States
a. True b. False Indicate whether the statement is true or false
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A. increase; 0.7 B. increase; 0.5 C. decrease; 1.5 D. decrease; one