Refer to the information provided in Table 21.1 below to answer the question(s) that follow. Table 21.1
Refer to Table 21.1. The value of government spending in billions of dollars is
A. 100.
B. 200.
C. 300.
D. 500.
Answer: D
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Your friend has just received a new book he ordered and you want to borrow it. Your friend values reading the book at $10, while you are willing to pay a maximum amount of $15 to read it
a) What is the equilibrium outcome in this case? b) Will the outcome be any different if you own a book that your friend wants to read? Assume that the value that each of you places on this book is the same as that you placed on the previous book.
Why was a fixed price of $50 not the best way of allocating used laptops? Suggest other possible ways of distributing the laptops that would be efficient
What will be an ideal response?
If the velocity of money (V) and real output (Q) were increasing at approximately the same rate, then: a. it would be impossible for monetary authorities to control inflation
b. monetary acceleration would not lead to inflation. c. inflation would be closely related to the long-run rate of monetary expansion. d. none of the above
When bond prices rise,
a. stock prices must fall. b. interest rates must fall. c. interest rates must rise. d. bankruptcies generally increase.