Based on the model of the money market, when real income decreases, the equilibrium interest rate should
A) stay the same.
B) increase.
C) decrease.
D) increase to the same extent that the supply of money increases.
C
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A strike at the Financial News in London shut down its production, and the sales of a competing newspaper, the Broad Street Journal, increased dramatically, with no increase in price. Based upon this, what can you say about the Broad Street Journal’s supply curve?
A. Its supply curve is vertical. B. Its supply curve is horizontal. C. Its supply curve has shifted. D. Its supply curve has a positive slope.
What is the legal status of a cartel among firms in the United States?
What will be an ideal response?
Command and control regulations do which of the following?
a. Provide incentives for firms to invent new technology to clean up pollution. b. Dictate what firms can produced and how much of a good they can produce. c. Dictate the amount of pollution firms allowed to production and/or the type of technology that must be used by the firm. d. Provide greater flexibility for each firm to lower the pollution it creates in its own way.
In applying the lower of cost or market rule, the floor is defined as:
a) current replacement cost b) historical cost c) net realizable value d) net realizable value less a normal profit margin