If the price of bottled air sold at a colony on the moon doubles, and yet quantity demanded does not change, demand is ________.
Fill in the blank(s) with the appropriate word(s).
perfectly inelastic
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A household consists of only related family members like a father, mother, and children and not unrelated members like two students sharing a rented apartment
a. True b. False Indicate whether the statement is true or false
Managers should attempt to maximize market share
Indicate whether the statement is true or false
If banks move a substantial portion of depositors' money from interest-earning checking accounts into money-market deposit accounts, how will the money supply measures be affected?
a. M1 will become smaller, and M2 will become larger. b. Both M1 and M2 will increase in size. c. Both M1 and M2 will decrease in size. d. The size of M1 will be reduced, but M2 will be unchanged.
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and the nominal value of the domestic currency in the context of the Three-Sector-Model? a. The GDP Price Index rises and nominal value of the domestic
currency falls. b. The GDP Price Index falls and nominal value of the domestic currency remains the same. c. The GDP Price Index rises and nominal value of the domestic currency remains the same. d. The GDP Price Index rises and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.