If Joe withdraws a $100 bill from his checking account and Jack deposits another $100 bill in his savings account, by how will M1 and M2 change?
A) M1 will decrease, but M2 will remain the same.
B) M1 will increase, and M2 will increase.
C) M2 will decrease by $100.
D) Both M1 and M2 will remain the same.
E) M1 will remain the same, and M2 will increase.
A
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Refer to the figure above. What is the producer surplus when Lithasia engages in trade and the government imposes a tariff of $1 on chairs?
A) $5 B) $20 C) $30 D) $40
Refer to the above table. You are given information on Collin's consumption for 2010 and 2020. Using 2010 as the base year, compute the price index for 2020. The index equals
A. 107.143. B. 141.667. C. 1.5. D. 70.588.
Other things equal, an improvement in productivity will:
A. shift the aggregate demand curve to the left. B. shift the aggregate supply curve to the left. C. shift the aggregate supply curve to the right. D. increase the price level.
Refer to the information provided in Figure 31.2 below to answer the question(s) that follow.
Figure 31.2Refer to Figure 31.2. Point ________ can not be produced by the people of this society.
A. A B. B C. C D. D