If real GDP increases,
A. The money demand curve shifts to the left
B. The money demand curves just to the right
C. There is movement down along a stationary money demand curve
B. The money demand curves just to the right
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If we compare budget constraint A to budget constraint B in the graph shown, what can be said of the relative prices reflected in the two?
This graph shows three different budget constraints: A, B, and C.
A. Because A is steeper, soda is relatively less expensive in A than in budget constraint B.
B. Because B is steeper, soda is relatively less expensive in A than in budget constraint B.
C. Because B is flatter, soda is relatively more expensive in A than in budget constraint B.
D. Because A is flatter, soda is relatively more expensive in A than in budget constraint B.
Substitutes are pairs of goods that have a positive cross-price elasticity of demand
a. True b. False
Which of the following would be most likely to receive high economic rent payments?
A. engineer B. professional baseball player C. school teacher D. factory worker
Define international trade and international financial transactions. Give an example of each one.
What will be an ideal response?