In the market for euros, a decrease in U.S. imports from Europe tends to
A. decrease supply.
B. cause no change in the market demand for euros.
C. decrease demand.
D. increase demand.
Answer: C
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In the above figure, if the price of good A falls from P0 to P1 and the demand for good B increases from D0 to D1, then goods A and B
A) are substitute goods. B) are inferior goods. C) will have a negative cross elasticity of demand. D) are both price elastic but not perfectly price elastic.
Building one large school may do more to promote school integration than constructing two separate schools
Indicate whether the statement is true or false
If a binding price ceiling were placed in the market in the graph shown:
A. quantity demanded would exceed quantity supplied.
B. quantity supplied would exceed quantity demanded.
C. the demand curve would have to shift.
D. the supply curve would have to shift.
If total reserves for a bank are $25,000, excess reserves are $5,000, and demand deposits are $100,000, the money multiplier must be
A. 10. B. 5. C. 25. D. 20.