Expansionary monetary policy:
A. decreases the interest rate and increases the price level.
B. decreases the interest rate and decreases the price level.
C. increases the interest rate and increases the price level.
D. increases the interest rate and decreases the price level.
A. decreases the interest rate and increases the price level.
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Explicit costs are nonmonetary costs
Indicate whether the statement is true or false
According to the saving and investment equation, if net foreign investment falls by $35 million,
A) domestic investment will fall by $35 million. B) national savings will rise by $35 million. C) national saving in excess of domestic investment will rise by $35 million. D) national saving in excess of domestic investment will decrease by $35 million.
The idea that the demand for auto workers stems from the demand for automobiles is
A. the value of the marginal product of auto workers. B. output demand. C. derived demand. D. indirect demand.
Refer to the graph below showing the revenue curves for a monopolist. Total revenue will be greatest at what output level?
A. Q1
B. Q2
C. Q3
D. Q4