Assume that the demand for money depends on the interest rate. An increase in the money supply will cause the interest rate to ________, the quantity demanded of money to ________, and the velocity of money to ________.
A. decrease; increase; increase
B. decrease; decrease; decrease
C. decrease; increase; decrease
D. increase; decrease; increase
Answer: C
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What does job lock mean?
A. A tendency for workers to remain in their jobs to keep their insurance coverage B. A job where a time clock is used C. A job that provides insurance coverage only after several years of employment D. all of these answer options are correct.
Which of the following is a problem encountered in a transaction involving a principal/agent relationship?
a. Absence of monitoring and supervision b. Excessive dependence on forecasts and expectations c. High investment in industry specific assets d. Government interference and market volatility
Because many resource prices are set by long-term contracts, in the short run
a. costs will increase by more than product prices when demand increases. b. costs will decrease when the demand for products increases. c. costs will increase by less than product prices when demand increases. d. costs will decrease by more than product prices when demand decreases.
From the Industrial Revolution to the present, innovation has played a major role in the growth of output. What do the leading analysts of economic growth argue were some of the most significant innovations of this period?
What will be an ideal response?