________ in the money supply creates excess demand for ________, causing interest rates to ________, everything else held constant
A) An increase; money; rise
B) An increase; bonds; fall
C) A decrease; bonds; rise
D) A decrease; money; fall
B
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Which of the following countries has the lowest level of average educational attainment?
A. Canada B. Italy C. India D. Sudan
A reentrant is an individual
A. in the labor force who quits voluntarily. B. who used to work full time but left the labor force and has now reentered it looking for a job. C. who has never held a full-time job lasting two weeks or longer but is now seeking employment. D. in the labor force whose employment was involuntarily terminated.
When economists speak of the CPI bias, they are referring to
A) the tendency for the CPI to overstate price changes. B) the tendency for the CPI to understate price changes. C) the tendency for the CPI to understate inflation. D) errors in measuring the prices used in the CPI. E) the tendency for government officials to impose their values on the data.
Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $9. What does profit equal when quantity equals 3?
A) $13 B) $10 C) $6 D) $2