If the demand curve facing the monopolist is P = 70 ? 14Q, then the slope of its marginal revenue curve is:
A. ?35.
B. ?7.
C. ?28.
D. ?14.
Answer: C
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What are the predictions for the long run equilibrium of the Monetary Approach?
What will be an ideal response?
Conventional money demand functions tended to ________ money demand in the middle and late 1970s, and ________ velocity beginning in 1982
A) overpredict; overpredict B) overpredict; underpredict C) underpredict; overpredict D) underpredict; underpredict
The infant industry argument has a normative economic basis because
A) clearly, all industries need to be protected. B) protected industries are selected on a factual basis. C) the government must decide which industries should be protected. D) political corruption is the only deciding factor.
(Interest Rate, Planned investment in billions): (3%,$400) (6%,$360), (9%, $320), (12%, $280), (15%, $240), (18%, $200): Suppose the expenditure multiplier is 5 and the initial interest rate is 12%. A move to what interest rate will increase equilibrium output by 400 billion?
A) 3% B) 6% C) 9% D) 18%