An increase in the money ________ shifts the LM curve to the ________, causing the interest rate to fall and output to rise, everything else held constant
A) demand; right
B) demand; left
C) supply; right
D) supply; left
C
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Which of the following is NOT an example of a capital good?
A) a miner's cap B) a GPS tracking device C) a stethoscope D) a U.S. government bond E) an airport kiosk
Georgia's great uncle gave her a $5,000 savings bond as a wedding gift. The bond pays $5,000 at maturity, which is in 10 years. If the interest rate is 4%, the bond has a present value of $ 3,377.82
Indicate whether the statement is true or false
In the consumption function C = a + c(Y - T), induced consumption is
A) a + c(Y - T). B) a + cY. C) cY. D) c(Y - T).
Which of the following pairs best represents substitute goods?
a. hamburgers and hamburger rolls b. hot dogs and hot dog rolls c. veggie burgers and hamburger rolls d. hot dogs and hamburger rolls e. hamburgers and hot dogs