In the money market, an increase in money supply will:
a. increase the demand for money at each interest rate
b. decrease the demand for money at each interest rate.
c. encourage people to exchange money for interest-bearing assets.
d. encourage people to exchange interest-bearing assets for money.
e. increase the interest rate.
c
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At any given quantity, the willingness to pay of the marginal buyer is the height of the __________
Fill in the blank(s) with correct word
How does the U.S. unemployment rate generally behave during expansionary periods?
a. It rises. b. It falls. c. It remains constant. d. It fluctuates rapidly.
Refer to the following table:
What is marginal benefit for the 4th unit of the activity?
A. 50 B. 60 C. 65 D. 55 E. none of the above
A firm has the following production relationship between labor and output, for a fixed capital stock.
According to the above table, what is the average product of labor when three laborers are employed?
A. 3 B. 4 C. 5 D. 6