The net-export effect of expansionary monetary policy is a(n)
A) depreciation of the value of the dollar and the decrease of U.S. net exports.
B) appreciation of the value of the dollar and the increase of U.S. net exports.
C) appreciation of the value of the dollar and the decrease of U.S. net exports.
D) depreciation of the value of the dollar and the increase of U.S. net exports.
D
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If people expect nominal interest rates to be lower in the future, the expected return to bonds ________, and the demand for money ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
If a good is congestible, then _____
a. the optimal sharing group is a the national level b. the optimal club size is where marginal reduction in cost per user is minimized c. some congestion is optimal d. marginal costs are constant for any possible output level
A reduction in the minimum wage will tend to cause which of the following?
A) a reduction in poverty B) an increase in the number of workers employed C) an increase in the quantity supplied of labor D) a reduction in the quantity demanded of labor
We know that in the long run, perfectly competitive firms produce where MC = MR and end up making zero economic profit. The profit-maximizing output level for a monopolist is where
a. price is maximized b. quantity is maximized c. ATC curve is minimized d. maximum efficiency is achieved e. MR = MC