The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to fall.
b. M2 money supply to fall.
c. M2 money multiplier to remain the same.
d. M2 money supply to rise.
.C
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There are many cattle ranchers in the world, and there are also many McDonald's restaurants in the world. Why, then, does a McDonald's restaurant face a downward-sloping demand curve while a cattle rancher faces a horizontal demand curve?
What will be an ideal response?
Which of the following would typically be considered a cost of economic growth?
A) increased illiteracy B) decreased levels of health C) increased poverty D) urban congestion
Marginal revenue (MR) is ____ when total revenue is maximized
a. greater than one b. equal to one c. less than zero d. equal to zero e. equal to minus one
Which of the following refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product?
a. price setter b. business entity c. price taker d. trend setter