If the interest rate is above the equilibrium interest rate, then
A) there is an excess demand for money.
B) the quantity of money demanded exceeds the quantity supplied.
C) people will sell bonds and the interest rate will fall.
D) people will buy bonds and the interest rate will fall.
D
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The Articles of Confederation (1777–1781) did all of the following except
(a) Tax the colonists to finance the central government (b) Provide a formal means by which the colonists communicated and interacted (c) Granted significant power to the colonial states (d) Required negotiations for funding the War between the leaders of the American Revolution and each colonial state
A firm whose production function displays increasing returns to scale will have a total cost curve that is:
a. a straight line through the origin. b. a curve with a positive and continually decreasing slope. c. a curve with a positive and continually increasing slope. d. a curve with a negative and continually decreasing slope.
International market failures:
A. are equally likely to be solved in the presence or absence of a world government. B. are more likely to be solved in the presence of a world government. C. are less likely to be solved in the presence of a world government. D. do not occur in the presence or absence of a world government.
Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If the price of burger increases, which of the following bundles are in Max's opportunity set?
A) b, d, e B) d, e C) a, b, c, d, e D) None of the labeled points are in Max's opportunity set.