Other things the same, if the Fed increases the quantity of money, the supply of money curve shifts
A) rightward and the nominal interest rate decreases.
B) leftward and the real interest rate increases.
C) leftward and the nominal interest rate increases.
D) leftward and the nominal interest rate decreases.
E) rightward and the real interest rate increases.
A
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Vertical integration is
a. the expansion of a firm into earlier or later stages of production b. an attempt by a firm to allow market prices to coordinate more transactions c. an attempt by a firm to minimize shirking d. an attempt by a firm to minimize the need to coordinate transactions within its boundaries e. a way for a firm to accumulate information about its competitors
Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to real GDP in 2016 was ________ and to nominal GDP in 2016 was ________.
A. $80,000; $90,000 B. $80,000; $99,000 C. $80,000; $88,000 D. $90,000; $99,000
Suppose a tax equal to the value of the marginal external cost at the optimal output is imposed on a pollution generating good. All of the following will result from the tax except
A) an increase in the equilibrium market price. B) a decrease in the equilibrium quantity produced and consumed. C) a decrease in market supply of the good. D) an increase in demand for the good.
Jerry's Marginal Utility for consuming beer and pizza with $8.00 in income
According to the above table, how much total utility does Jerry get from 3 hotdogs?
A. 30 utils B. 130 utils C. 115 utils D. 85 utils