Suppose the IS curve shifts back and forth. With a flat LM curve you get __________ variability in the output and __________ variability in the interest rate than you get with a steep LM curve
A) more; more
B) more; less
C) less; more
D) less; less
B
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Theories of international economics from the 18th and 19th Centuries are
A) not relevant to current policy analysis. B) only of moderate relevance in today's modern international economy. C) highly relevant in today's modern international economy. D) the only theories that actually relevant to modern international economy. E) not well understood by modern mathematically oriented theorists.
Consider the hypothetical supply and demand of Kidneys.
Suppose Kidneys cannot be sold, only donated (price is zero). How many kidneys are donated in this hypothetical situation?
A. 0
B. 900
C. 2000
D. 1200
Which of the following examples would fit this graph?
a. The production of the sculpture’s copies matches closely with consumer demand for this work.
b. The streaming of the album increases as good word-of-mouth spreads about it.
c. The manufacturing of a designer purse remains constant even though more people want to buy it.
d. The film’s distribution increases from 100 to 1,000 theaters despite low audience turnout.
Consider a town with three residents. The residents' demand curves for various acres of a public park are shown below.
The public's willingness to pay for the 2nd acre of parkland is ________.
A. $14. B. $8. C. $6. D. $26.