When you purchase a pair of wireless earbuds,
A. you are buying consumption goods.
B. you are buying capital goods.
C. you are buying physical capital.
D. you are consuming intermediate goods.
Answer: A
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Income on the horizontal axis at which the vertical distance to the 45-degree line is less than the vertical distance to the Ep line gives rise to a ________ amount of unplanned inventory investment, and thus ________ pressure on output
A) positive, upward B) positive, downward C) negative, upward D) negative, downward
Suppose there is an increase in the price of steel. We would expect the supply curve for steel beams to
a. shift rightward. b. shift leftward. c. become flatter. d. remain unchanged.
Given a required reserve ratio of 20 percent, a commercial bank that has received a new deposit of $1000 can make additional loans of
A. $1000. B. $200. C. $0. D. $800.
The transactions demand for money will shift to the:
A. Left when nominal GDP increases B. Left when nominal GDP decreases C. Right when nominal GDP decreases D. Right when the interest rate increases