Since the 1970s, the M1 demand for money has been
A) relatively stable.
B) unpredictable.
C) constant.
D) unmeasurable.
B
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Use the following graphs for a perfectly competitive market in the short run to answer the next question.
What will happen in the long run to market supply and the equilibrium price of the product?
A. Market supply will increase and equilibrium price will increase. B. Market supply will decrease and equilibrium price will decrease. C. Market supply will decrease and equilibrium price will increase. D. Market supply will increase and equilibrium price will decrease.
The responsibility of paying for the Social Security benefits for currently retired individuals falls on
A) current and future workers. B) the retired people themselves. C) no one, since the government prints the money. D) only working people over 50 years of age.
Prisoners Dilemma show
a. Rational choices lead to bad outcomes b. Rational choices lead to good outcomes c. That there are no ways to learn where the pitfalls lie d. None of the above
Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Figure 31.1Refer to Figure 31.1. A decrease in the labor force will cause a
A. shift from ppf2 to ppf1. B. movement from Point B to Point A. C. movement from Point A to Point B. D. shift from ppf2 to ppf3.