The equilibrium price of a theater ticket __________
Fill in the blank(s) with the appropriate word(s).
Ans: rises
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Law of supply
What will be an ideal response?
Answer the question on the basis of the following information: Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5. The current year per unit prices of these three goods are A = $2, B = $3, and C = $1. Refer to the
information. Nominal GDP in the current year is: A. $110. B. $115. C. $45. D. $90.
Regarding the equation of exchange, all of the following are true according to monetarists except
A. Changes in M may cause changes in P. B. A reduction in M can leave real output unaffected. C. The velocity of money is stable. D. In reality, MV does not always equal PQ but it is still incredibly useful.
Compared to traditional bank loans, microfinance loans have all of the following characteristics except
A. they are much smaller. B. they are made more frequently to women than to men. C. they have repayments that begin at a much later date. D. they require no collateral.