In October of 2014, the interest rate on money market accounts was about 0.2 percent. In 2007, the interest rate on money market accounts was about 4.0 percent. What has been the impact on money demand from this fall in the interest rate?
A) the money demand curve shifted to the right
B) the money demand curve shifted to the left
C) the quantity of money demanded increased
D) the quantity of money demanded decreased
C
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Refer to the table above. If the market for notebooks is perfectly competitive, the equilibrium quantity is:
A) 2 units. B) 3 units. C) 4 units. D) 5 units.
If the supply of a good decreases and demand remains constant equilibrium price:
a. Will decrease, and equilibrium quantity will increase b. Will increase, and equilibrium quantity will decrease c. And quantity will decrease d. And quantity will increase
Insurance policies in which each firm pays a different price for medical insurance depending upon the past medical bills of the firm's employees are based upon a(n):
A. experience rating. B. community rating. C. asymmetric information rating. D. adverse selection rating.
Which of the following does not necessarily apply to a pure monopoly?
A. The product the firm produces must have no close substitutes B. The firm must be the sole producer of a product C. The firm will charge the highest price possible D. Entry must be blocked