Other things constant, an increase in the price level will:
a. shift the money demand curve to the right
b. shift the money demand curve to the left.
c. increase the quantity of money people want to hold.
d. decrease the quantity of money people want to hold.
e. have no impact on the money demand curve.
a
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Economists are often perceived as disagreeing with each other. Is this the way things really are?
A. No, economists agree on much more than is commonly supposed. B. No, the problem is that some economists are smarter than others. C. No, economists “stage” disagreements for public amusement. D. Yes, economists rarely agree on much of anything. E. Yes, economists are unable to analyze problems dispassionately.
How can crime and punishment be modeled as a principal-agent problem? What does the model suggest about crime prevention?
What will be an ideal response?
Gross domestic product is equal to the market value of all final goods and services:
a. exchanged during a period. b. produced domestically during a period. c. produced by the citizens of a nation during a period. d. produced domestically during a period minus the depreciation of productive assets.
If there are no externalities present in a market
A) the market price is too low. B) the market price is too high. C) the market price is in equilibrium. D) none of these choices are true.