When disposable income is 2,000, savings is
A. 2,000.
B. 1,500.
C. 0.
D. -1,500.
D. -1,500.
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According to liquidity preference theory, an increase in the price level would ________
A) increase the demand for real money balances B) decrease the supply of real money balances C) decrease the real interest rate D) all of the above E) none of the above
If the value of a nation's merchandise imports exceeds merchandise exports, the nation is running a
a. balance of payments deficit. b. balance of payments surplus. c. merchandise trade deficit. d. merchandise trade surplus.
How many workers would the firm hire if the wage rate were $459?
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.