Why is the MC curve of cleaning pollution upward sloping?
A. Increasing opportunity costs of cleaning pollution.
B. There are less and less benefits to outweigh the costs.
C. There are increased incentives for cleaning pollution.
D. Citizens must pay more of their taxes to clean the pollution.
Answer: A
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If people decide to hold less money as currency and more as checking deposits, this will most likely cause
a. a decrease in bank reserves. b. a decrease in required reserves. c. an increase in the discount rate. d. an increase in the money supply.
In most countries, decisions that affect medical expenditures are
A. centralized. B. decentralized. C. determined by government policy. D. both centralized and decentralized.
If a country wants maximum flexibility to pursue its domestic macroeconomic goals, it:
A. should use the gold standard. B. does not matter what type of exchange rate system it uses. C. should use a fixed exchange rate. D. should use a flexible exchange rate.
The money demand curve will shift to the left if:
A. the price level decreases. B. the nominal interest rate decreases. C. the nominal interest rate increases. D. the price level increases.