There are very few gasoline stations in the downtown areas of large cities basically because
A) it would be too dangerous.
B) it would be an inefficient use of land for the land's owners.
C) most people don't want to buy gasoline while they are downtown.
D) zoning laws prohibit it.
B
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Anthropologist E. T. Hall in his book The Silent Language said that:
a. What people do is more important than what they say b. Silence is meaningful c. Conflict is everything d. Beware of underlying messages
Which of the following policy actions by the Fed would cause the money supply to decrease?
A. an open market purchase of government securities B. a decrease in required reserve ratios C. a decrease in the discount rate D. an open-market sale of government securities
What is the maximum amount of good X that can be purchased if X and Y are the only two goods available for purchase and Px = $10, Py = $20, Y = 0, and M = 400?
A. 0 B. 20 C. 30 D. 40
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.