In deriving an LM curve, higher incomes shift the money demand schedule to the ________, yet the unchanged real money supply continues to be equally demanded so long as the interest rate ________
A) right, rises
B) right, falls
C) left, rises
D) left, falls
A
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Which of the following is an example of a normative question?
A) What fraction of an income tax cut will be spent on imported goods? B) How will an increase in the inheritance tax affect tax revenues? C) How will an increase in unemployment benefits affect the unemployment rate? D) Should Florida implement a state income tax to reduce its deficit?
The shares of the economic value of a particular transaction that accrues to the seller and the buyer depend on:
a. the buyer's opportunity cost. b. the relative bargaining powers of the two parties. c. the cost of production incurred by the seller while producing the good. d. the lobbying techniques adopted by the two parties.
The curve showing all the combinations of inputs that can be purchased with a given outlay of funds is called a(n)
A. isoquant. B. total cost curve. C. production function. D. isocost.
China has a ______ exchange rate with the United States, while Japan's exchange rate with the U.S. is determined by ____________.
Fill in the blank(s) with the appropriate word(s).