Refer to the table above. What is the total cost incurred per month if Ryan rents Apartment 3?
A) $2,000
B) $2,050
C) $2,150
D) $2,270
C
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Suppose the economy is producing at the natural rate of output. An open market sale of bonds by the Fed will cause ________ in real GDP in the short run and ________ in inflation in the short run, everything else held constant
A) an increase; an increase B) a decrease; a decrease C) no change; an increase D) no change; a decrease
Refer to the above table. Suppose the marginal revenue product of the 5th worker is $800. This implies that
A) the price of the good is $5.33. B) the price of the good is $8. C) the price of the good is $70. D) we cannot tell what the price of the good is without more information.
Suppose there are no firms, only the government and households. What would the total demand for funds curve look like in such a world?
a. Downward sloping b. Perfectly horizontal c. Upward sloping d. There would be no such curve e. Perfectly vertical
Deflation is the situation when
A. the average of all prices is declining. B. the real rate of interest is negative. C. some prices are increasing and some are declining. D. the rate at which prices increase falls.