The money demand curve, with the interest rate on the vertical axis, has a
A) positive slope.
B) negative slope.
C) zero slope.
D) positive slope for low levels of money demand, and a negative slope for high levels of money demand.
Answer: B
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Explain what will happen to the equilibrium price and quantity of hybrid automobiles if there are technological advancements in the production of hybrid automobiles while at the same time consumer preference for hybrid automobiles increases
What will be an ideal response?
A health care program administered through Social Security that is applicable to everyone over 65 years old is
a. Medicaid b. Medicare c. federal HMO d. state HMO e. Medicinsurance
The ability of an individual to own and exercise control over scarce resources is called
a. market failure. b. property rights. c. externality. d. market power.
In comparing the magnitudes of the components of GDP according to the expenditure approach, we see that in the United States
A) government expenditure on goods and services is the largest category. B) investment is the largest category. C) investment is much larger than government expenditure on goods and services. D) investment is less than government expenditure on goods and services. E) investment, government expenditure on goods and services, and consumption expenditure are all about the same size.