An increase in demand deposits would ____ M1 and ____ M2.
a. increase; increase
b. not change; increase.
c. decrease; decrease.
d. not change; decrease.
a
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Suppose the equilibrium price of movie tickets is $10. If the supply curve for movies shifts ________, the equilibrium price will ________
A) rightward; decrease B) leftward; decrease C) rightward; increase D) leftward; not change E) rightward; not change
When we solve the firm's dual production problem (i.e., maximize output subject to a cost constraint) by the method of Lagrange multipliers, the optimal value of the Lagrange multiplier equals the:
A) marginal product per unit cost of each variable input. B) marginal product of capital. C) marginal product of labor. D) marginal cost of production.
If Japan has an absolute advantage over the United States in making TVs, then Japan:
A. probably sells TVs to the United States. B. produces more TVs than the United States using the same resources. C. has the ability to produce TVs at a lower opportunity cost than the United States. D. it will have no reason to trade with the US.
When you use a service like Facebook for free, it is likely that:
A. the provider is almost invariably a nonprofit company. B. you are both the customer and the product. C. you are not the customer; you are the product. D. the provider is almost never a nonprofit company.