The demand curve a monopolist faces is
A. horizontal.
B. inelastic at all points.
C. the industry demand curve.
D. vertical.
Answer: C
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As the economy enters a strong expansion in which real GDP increases, which of the following occurs?
A) The demand for money decreases and there is a movement upward along the demand for money curve. B) The demand for money increases and there is a movement downward along the demand for money curve. C) The demand for money curve shifts rightward. D) The nominal interest rate falls as the demand for money curve shifts leftward. E) The demand for money curve shifts leftward.
The employment effect of a minimum wage increase is greater the
a. more elastic the demand for labor. b. less elastic the demand for labor. c. more the wage ceiling shifts the supply curve. d. more the wage floor shifts the demand curve.
Bond markets allow firms to pursue
a. equity financing. b. debt financing. c. limited growth policies. d. government loans and subsidy programmes
An increase in the money supply, other things being constant
A) causes interest rates to rise. B) generates an increase in the demand for money. C) causes the price level to increase. D) causes the purchasing power of money to increase.