Suppose that Venezuela experiences significant capital outflows after a recent election. If the nation had fixed exchange rates, these flows would have had the following effect on the reserves account and monetary base
a. Reserves account would rise and monetary base would fall.
b. Reserves account would not change and monetary base would fall.
c. Reserves account would fall and monetary base would not change.
d. Reserves account would fall and monetary base would fall.
e. Reserves account would fall and monetary base would rise.
.A
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Jake just bought a new hockey stick. When he was leaving the shop, he thought that he such a great deal and would have paid $50 more dollars for the stick. Jake received
A) producer surplus. B) equilibrium. C) marginal cost. D) total surplus. E) consumer surplus.
Refer to Table 14-1. Is there a dominant strategy for Star Connections and if so, what is it?
A) Yes, Star Connections should increase its advertising budget. B) Yes, Star Connections' dominant strategy is to collude with Godrickporter. C) No, its outcome depends on what Godrickporter does. D) Yes, Star Connections should not change its advertising budget.
From the equation of exchange, if both nominal income and the quantity of money (M) have tripled, while the price level (P) has increased by 50 percent and velocity (V) remains constant, then real output (Y) ________
A) also triples B) increases by 50 percent C) doubles D) decreases by 50 percent E) none of the above
Other things remaining the same, an individual demand schedule shows the various quantities of a good:
a. that a person wants and is able to purchase at alternative prices. b. that are demanded with a change in the quantity demanded of a substitute good. c. that a person is able to purchase at alternative income levels. d. that are demanded at various levels of utility. e. that are demanded by the market at various prices.