Refer to the information provided in Figure 25.2 below to answer the question(s) that follow.
Figure 25.2Refer to Figure 25.2. Suppose the money demand is currently at Point D. A movement to point C could be caused by
A. an increase in the price level.
B. a decrease in nominal income.
C. a decrease in the interest rate.
D. an increase in the interest rate.
Answer: B
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As the Federal Trade Commission currently interprets the Herfindahl-Hirschman index (HHI), an industry is considered to be highly concentrated if the HHI value is above
A) 100. B) 1,000. C) 2,500. D) 5,000.
Prostitution is made legal in the United States, what is the impact on GDP?
A) GDP increases. B) GDP decreases. C) GDP is unchanged. D) None of the above.
Which of the following statements is not true about the economy of the Middle Colonies?
a. It was a net importer of food. b. The farms were generally smaller than those in the South. c. Wheat and flour were exported from this region. d. Its main agricultural products were grains.
According to the interest rate effect, as the price level rises,:
A. people feel poorer and buy less. B. United States products become more expensive and foreigners buy less U.S. goods. C. interest rates fall, and people buy less. D. interest rates rise, and people buy less.