The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to remain the same.
b. M2 money supply to rise.
c. M2 money multiplier to rise.
d. Monetary base to fall.
.A
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A lower real interest rate, amount of consumer debt, and personal taxes ________ personal consumption expenditures
A) increase B) decrease C) have no effect on D) none of the above
Given the values in the table above, consumption is ________ when equilibrium output is 15
A) 12.3 B) 11.86 C) 12.05 D) 11.55 E) none of the above
Which of the following is NOT a characteristic of firms in a monopolistically competitive market?
A) advertising B) differentiated products C) ease of entry and exit D) existence of significant economies of scale
If the minimum efficient scale in the production of rubber exceeds the quantity of rubber any individual tire producer buys,
a. tire producers should integrate backward into rubber production b. there will be a monopoly in rubber production c. tire producers should not integrate backward into rubber production d. tire producers will be charged prices above what the cost of producing rubber themselves would be e. tire companies will switch to fiberglass