When the money market is drawn with the value of money on the vertical axis, if the money supply rises
a. the price level and the value of money rise.
b. the price level rises and the value of money falls.
c. the price level falls and the value of money rises.
d. the price level and the value of money fall.
b
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Fill in the blank: Firms under perfect competition would enjoy ________ market power
A) absolutely no B) some C) much D) total
Special Drawing Rights
A) are granted by the Fed to banks which want to trade in the foreign exchange markets. B) were eliminated when the Bretton Woods system broke down. C) are created by the IMF in its role as lender of last resort. D) were created by the Nixon administration on August 15, 1971.
Suppose the current stock of greenhouse gases in the atmosphere is 100 million tons, the stock dissipation rate is 0.02, and we will emit 4 million tons into the atmosphere this year
What is the stock level of greenhouse gases expected to be for next year? A) 98 million tons B) 100 million tons C) 102 million tons D) 104 million tons
Which of the following is not one of the three principal components of a socialist economy?
A. Distribution is according to need B. Entrepreneurs are encouraged by the profit motive, rather than government directive, to satisfy consumer wants in the most efficient manner possible C. Government ownership of the means of production D. Workers directed by a government planning board as to where they will work and how much they will be paid