As interest rates rise, the quantity of money demanded
A. falls.
B. rises.
C. stays the same.
D. does not react to interest rate changes.
Answer: A
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What is the profit-maximizing rule for a monopolistically competitive firm?
A) to produce a quantity that maximizes market share B) to produce a quantity that maximizes total revenue C) to produce a quantity such that price equals marginal cost D) to produce a quantity such that marginal revenue equals marginal cost
John moved his office from a building he was renting downtown to the carriage house he owns in back of his house. How will his profit change?
a. Implicit costs fall. b. Explicit costs remain unchanged while implicit costs rise. c. Economic profit must fall. d. Explicit costs rise. e. Accounting profit will rise.
Along a society's production possibilities frontier,
a. the level of technology is changing b. more of one good can be produced without giving up some of the other good c. resources are not being fully utilized d. available resources are being used efficiently e. there is productive inefficiency in the economy
Some sports writers seem so sure that rookies of the year and MVPs will not repeat the following year. They could be relying on which of the following to make that judgment
A. regression effect. B. psychophysics of perception. C. hedonic framing. D. bounded rationality.