The quantity supplied of money is assumed (in the textbook) to be
A) inversely related to the interest rate.
B) directly related to the interest rate.
C) independent of the interest rate.
D) determined exclusively by banks.
E) c and d
C
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Using the above figure. A rightward shift of the supply curve, ceteris paribus, would result in
A) dollar appreciation. B) euro appreciation. C) dollar depreciation. D) decreasing the equilibrium quantity of euros.
Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day. The opportunity cost of one pair of shoes for the United States is _______, while the opportunity cost of one pair of shoes for Canada is _________.
A. 5 apples; 2 apples B. 1/5 apple; ½ apple C. 2,000 apples; 200 apples D. 100 apples; 20 apples
The median-voter theorem would suggest the reason politicians go from extreme to moderate positions on an issue over the course of an election is because they are appealing to the:
A. people in their party and opposing party. B. average voter in their party in the primary, and the average of all voters in the general election. C. median voter in their party in the primary, and the median of all voters in the general election. D. majority of voters in their party in the primary, and the majority of all voters in the general election.
Changes in technology over time will result in
A) a more inelastic supply curve. B) a more elastic supply curve. C) a unitary elastic supply curve. D) no change in the elasticity of supply.