Which is a demand factor in economic growth?
A. An increase in total spending in the economy.
B. Technological progress and innovation.
C. More human and natural resources.
D. An increase in the economy's stock of capital goods.
Answer: A
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When the price of a bond is ________ the equilibrium price, there is an excess demand for bonds and price will ________
A) above; rise B) above; fall C) below; fall D) below; rise
An open-market operation refers to
A) changing the money supply by changing taxes. B) changing the money supply by changing government spending. C) an exchange of money for interest-bearing debt by the monetary authority. D) an exchange of domestic money for foreign money by the monetary authority.
Refer to Figure 4.2. The substitution effect on the quantity of clothing purchased is:
A) the change from C3 to C1. B) the change from C3 to C2. C) the change from C2 to C1. D) the change from C1 to C2. E) none of the above
If the businesses last forever, then the Nash Equilibrium is
a. for one firm to charge a HP forever b. for your firm charge a LP when the other firm does c. for each firm to charge HP until the rival does, and then to charge a LP forever. d. for each firm to charge LP until the rival does, and then to charge a HP forever.