A change in which of the following shifts the demand curve?
A) the number of sellers in the market
B) the price of the resources used to produce the product
C) the technology with which the product is produced
D) the tastes and preferences of consumers
D
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Which approach to measuring money focuses on the value of currency, transaction deposits, and travelers checks?
A) near moneys B) the liquidity approach C) M2 D) the transactions approach
Why do individuals hold money when it does not provide the services that, say, a house does?
A) Money is the most liquid asset. B) Money is the only form in which wealth may be held. C) Money increases in value faster than other assets. D) Money is useful in avoiding taxes on certain transactions.
When marginal cost is below average total cost:
a. total cost is falling. b. total cost is rising. c. average total cost is falling. d. average fixed cost is rising. e. total variable cost is falling.
Although wages, incomes, and interest rates are most often discussed in nominal terms, what matters most are their real values
a. True b. False Indicate whether the statement is true or false