The objects we use as money today include
A) currency inside banks and bank deposits.
B) currency outside the banks and bank deposits.
C) only currency outside the banks.
D) only deposits inside the banks.
E) credit cards and debit cards.
B
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In the above figure, the optimal level of pollution cleanup is
A) Q1. B) Q2. C) Q3. D) Q4.
If in some production range average cost is rising, the firm is experiencing
a. increasing returns to scale. b. decreasing returns to scale. c. constant returns to scale. d. increasing costs per unit of output.
The long run aggregate supply curve is vertical because
A) a change in the level of prices will have no effect on real output in the long-run. B) the production possibilities curve is vertical. C) the aggregate demand curve is downward sloping. D) technology increases at a constant rate.
In the money market, if the quantity of money supplied exceeds the quantity of money demanded, the nominal interest rate will ________ and the prices of assets will ________
A) fall; increase B) rise; increase C) fall; decrease D) rise; decrease E) fall; not change