At a given point in time, if the demand for money increases _____
Fill in the blank(s) with the appropriate word(s).
there will be a rightward shift of the money demand curve.
You might also like to view...
Bud opened a flower shop. He rented a building for $9,000 a year. To buy equipment for the store, he withdrew $10,000 from his savings account, which earned an annual interest rate of 3 percent
During the first year of operation, Bud paid $4,000 for utilities and $12,000 to his suppliers. The store's total annual revenue was $55,000. The market value of the store's equipment at the end of the year was $8,000. If Bud had not started this business, he would have continued to work as an employee at another flower shop for $30,000 a year. During the first year of operation, Bud A) received an economic profit of $30,000. B) received an economic profit of $20,000. C) incurred an economic loss of $2,300 D) incurred an economic loss of $12,300
Refer to the information provided in Figure 5.4 below to answer the question(s) that follow.
Figure 5.4Refer to Figure 5.4. The demand for milkshakes is unit elastic at Point C. If a store increases the price of a milkshake from P4 to P3, its total revenue will
A. decrease. B. either increase or decrease. C. remain constant. D. increase.
The electric utility industry became a target for deregulation when
A. The marginal costs for power plants increased considerably. B. Local utility companies began behaving like monopolies. C. Advances in transmission technology made it possible to move electricity across state lines. D. The cost of constructing nuclear power plants declined.
Refer to the data. Personal income is:
A. $229.
B. $253.
C. $274.
D. $243.