The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to remain the same.
b. M2 money supply to fall.
c. M2 money multiplier to fall.
d. M2 money supply to rise.
.A
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If the Phillips curve represents a "________ relationship," then the trade-off between unemployment and inflation is permanent
A) cyclical B) structural C) frictional D) dynamic
In the context of decisionmaking, the word "marginal" is most closely associated with the word
a. "unimportant.". b. "slow.". c. "edge.". d. "irrational.".
If an increase in the price of good X leads to a decrease in the demand for good Y, then:
A. good X is a normal good and good Y is an inferior good. B. good X and good Y are complements. C. good X and good Y are normal goods. D. good X and good Y are substitutes.
If you were to start your own business, your implicit costs would include the:
A. opportunity cost of the time you spend working at the business. B. profit you earn over and above your normal profit. C. interest that you pay on your business loans. D. rent that you have paid in advance for the use of a building.