As the present value of the future earnings from owning an asset ____, the market value of the asset ____
a. decreases; increases
b. increases; decreases
c. increases; increases
d. increases; is uncertain
C
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In the above figure, what is the efficient quantity of pretzels to produce each day?
A) one hundred B) two hundred C) three hundred D) four hundred
The quantity of money that people choose to hold is
A) positively related to the nominal interest rate. B) positively related to real GDP. C) negatively related to the price level. D) positively related to the availability of ATM machines.
Which of the following is an exogenous variable in the model of a small open economy, but an endogenous variable in the model of a large open economy?
A) B) C C) Y D) NX E) G
Money serves as a basic yardstick for measuring economic value (a unit of account), allowing:
A. governments to restrict the issuance of private monies. B. goods and services to be exchanged with a double coincidence of wants. C. people to hold their wealth in a liquid form. D. easy comparison of the relative prices of goods and services.