Movement from point A to point B illustrates which of the following?
a. a decrease in the quantity of money demanded
b. an increase in the quantity of money demanded
c. a stabilization of the opportunity cost of holding money
d. an increase in the opportunity cost of holding money
b. an increase in the quantity of money demanded
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The knowledge and skills acquired by a worker through education and experience is a description of which factor of production?
A) physical capital B) entrepreneurship C) labor D) human capital
A person's ________ indicate her willingness to expose others to risk and that she is doing it for ________
A) actions; her own benefit B) actions; society's benefit C) finances; her own benefit D) finances; society's benefit
The idea that nominal interest rates rise or fall one-for-one with expected inflation is known as
A) market risk. B) systematic risk. C) idiosyncratic risk. D) the Fisher effect.
If the dollar depreciates, it will cause ______.
a. an increase in exports and a decrease in imports b. a decrease in exports and an increase in imports c. a decrease in both imports and exports d. an increase in both imports and exports