In the new classical model, an unanticipated increase in the money stock would cause
a. the price level and the level of real output to rise.
b. the price level to rise with no effect on real output.
c. real output to rise with no effect on the price level.
d. no change in the price level or level of real output.
A
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Suppose the equilibrium price of movie tickets is $10. If the supply curve for movies shifts ________, the equilibrium price will ________
A) rightward; decrease B) leftward; decrease C) rightward; increase D) leftward; not change E) rightward; not change
Does inoculation against chicken pox have both private and external benefits?
What will be an ideal response?
Most economists assume that the goal of elected officials is to promote the public interest
a. True b. False
If the exchange rate is .60 British pounds = $1, a bottle of ale that costs 3 pounds costs
a. $1.80. b. $4.80. c. $5. d. None of the above is correct.