Which of the following is an intangible good?
a. a television
b. a reputation
c. a smartphone
d. a textbook
b. a reputation
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Assume that the growth rate of real GDP in Astoria is 7.5%. Assume the growth rate of velocity is 0%
If Astoria's current annual inflation rate of 5.99%, the growth rate of the money supply will be A) -1.51%. B) 1.51%. C) 5.99%. D) 13.49%.
The price elasticity of demand for a rental home in Luxury Resorts in the summer is 1.25 and is 2.25 in the spring. If Luxury Resorts faces a constant marginal cost of $500 per home rental, what is the profit-maximizing peak-load price to charge in the summer?
A) $1,250 B) $5,000 C) $900 D) $2,500
If the national output cannot be increased unless the productive capacity or potential GDP increases, the aggregate supply curve is:
a. downward-sloping. b. U-shaped. c. vertical. d. upward-sloping. e. horizontal.
An increase in the money supply may __________ total expenditures, leading to a __________ shift of the AD curve
A) increase; rightward B) increase; leftward C) decrease; rightward D) decrease; leftward