Which of the following would cause the money demand curve to shift to the right?
A. Inflation
B. An increase in interest rates
C. A decrease in GDP
D. A technological advance
A. Inflation
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According to William Niskanen, bureaucrats seek to
a. maximize profits b. maximize tax revenues c. maximize budgets d. minimize variable costs e. minimize total costs
Which of the four countries has an opt-out and chose not the adopt euro yet:
a. Germany b. Denmark c. France d. Austria
Imogene needs to hire a skilled worker to do some very difficult analysis work for her company. When she interviews, she talks only to individuals who have a graduate degree. What is the purpose of Imogene’s use of the education signal?
a. to lower her costs in finding a worker b. to allow any interested party to know about the job c. to let people know she is highly educated d. to prevent the lemon problem from discouraging applicants
If the price were $10, what would the firm do in the (a) short run? (b) the long run?
