When depositors transfer funds from savings accounts to checking accounts,
a) M2 falls and M1 rises, while M3 remains constant
b) M1 rises while M2 and M3 remain constant
c) both M1 and M2 increase, while M3 falls
d) M3 falls while M1 and M2 remain constant
e) M1 falls, M3 rises, and M2 remains constant
b) M1 rises while M2 and M3 remain constant
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(Ref 8-7 Table: Producer Surplus and Phantom Tickets) The table Producer Surplus and Phantom Tickets shows the minimum price at which each of the students is willing to sell a ticket to Phantom of the Opera. Assume that each student has only one ticket to sell. Given the information in the table, if these students can sell their Phantom tickets for only $5, then:
A. the total producer surplus for the five students will be $330.
B. Tim will be the only student not to sell his ticket.
C. the total producer surplus for the five students will be $4.
D. Whitney, Ralph, and Rick will sell their tickets.
Refer to the information provided in Figure 13.11 below to answer the question(s) that follow.
Figure 13.11Refer to Figure 13.11. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. How much profit does the monopolist earn?
A. $0 B. $16,000 C. $32,000 D. Indeterminate from the given information.
Suppose the economy has a recessionary gap. By using an expansionary monetary policy, the Fed can
A) raise real GDP without increasing the price level. B) raise real GDP and the price level. C) raise real GDP and decrease the price level. D) raise the price level alone, but cannot increase real GDP.
In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of shoes or 6 bookshelves. Alice has ________ advantage in producing ________
A) an absolute; shoes B) a comparative; shoes C) an absolute; bookshelves D) a comparative; bookshelves