The demand for money that arises so that individuals or firms can make purchases on quick notice is called the
A) speculative demand for money. B) real demand for money.
C) transaction demand for money. D) liquidity demand for money.
D
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Supply curves for secondary supply resources (e.g., scrap metal) become:
A) Steeper in the short run B) More elastic in the long run C) Steeper in the long run D) More inelastic in the short run
An example of a payoff in a game would be:
A. a salary. B. winning an election. C. having clean drinking water. D. All of these are examples of payoffs.
A technological improvement in the production of good X causes the:
a. demand curve for X to shift to the right. b. demand curve for X to shift to the left. c. supply curve for X to shift to the right. d. supply curve for X to shift to the left.
The unemployment rate is
A. the number unemployed divided by the labor force. B. the number unemployed divided by the population. C. the difference between the population and the number employed divided by the population. D. the number unemployed divided by the number employed.