When the nominal interest rate increases, the
A) demand for money increases and the demand for money curve shifts rightward.
B) demand for money decreases and the demand for money curve shifts leftward.
C) quantity of money demanded increases and there is a movement upward along the demand for money curve.
D) supply of money curve shifts rightward.
E) quantity of money demanded decreases and there is a movement upward along the demand for money curve.
E
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The above figure shows three different supply-and-demand graphs. Which graph best represents the market for workers at your nearest fast-food restaurant?
A) Graph A B) Graph B C) Graph C D) None of the above.
The problem of moral hazard is a problem of hidden action
a. True b. False Indicate whether the statement is true or false
Figure 7-15
In Figure 7-15, we would expect a move of the budget line from A to B if
a.
the price of machines falls.
b.
the price of labor falls.
c.
output falls.
d.
the product price rises.
The 1994 book by Murray and Herrnstein, The Bell Curve, was about
A. government debt. B. the intelligence factor. C. capital growth. D. military readiness.