In the long run, when the Fed increases the quantity of money, the
A) price level falls.
B) nominal interest rate falls.
C) price level rises.
D) real interest rate rises.
E) demand for money decreases.
C
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The most volatile GDP category under the expenditure approach is: a. wages and salaries
b. investment. c. consumption. d. government purchases.
Based on the following table, what is average fixed cost when 150 units of output are produced?
A. $16.50 B. $9 C. $11 D. $2 E. none of the above
Which of the following countries do not levy taxes on capital gains?
A. United States B. Canada C. Taiwan D. European Union
In the simple Keynesian model,
A. Inflation is a problem whenever demand increases. B. Inflation is a problem whenever demand decreases. C. Inflation becomes a problem only if demand increases at full employment. D. Inflation is never a problem.