As a result of increased use of credit cards,
A) the demand for money has decreased and there has been a movement up along the demand for money curve.
B) the demand for money has decreased and there has been a movement down along the demand for money curve.
C) the equilibrium nominal interest rate has decreased and bond prices have fallen.
D) the demand for money has decreased and the demand for money curve has shifted leftward.
E) the equilibrium nominal interest rate has increased and bond prices have decreased.
D
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In many political elections, states often hold a primary election, and the winners of the primary election face off in the general election. This method of voting is called a ________ election
Fill in the blank(s) with correct word
The figure above shows the market for college education in the United States. The marginal external benefit associated with educating 14 million students is ________ per student per year
A) $16,000 B) $13,000 C) $11,000 D) $5,000 E) $7,000
Information gathering for a moral hazard problem happens
a. Before the agent is hired b. After the agent is hired c. After the agent is fired d. None of the above
Imposing a restrictive quota on imported plasma TVs will likely
a. increase the price of the plasma TVs and decrease the quantity consumed. b. increase both the price of the plasma TVs and the quantity consumed. c. leave the price of the plasma TVs unchanged but decrease the quantity consumed. d. leave the price and the quantity consumed of plasma TVs unchanged, because domestic producers will expand production to make up for the reduction in imports