If the demand for bonds increases, the
a. price and quantity of bonds in existence both increase
b. price of bonds increases, but the quantity of bonds in existence decreases
c. price of bonds increases, but the quantity of bonds in existence remains unchanged
d. interest rate and quantity of bonds in existence both increase
e. interest rate increases, but the quantity of bonds in existence remains unchanged
C
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This table shows the different combinations of goods that Jack can consume, given that his income to spend on these two items is $10.
Considering the information in the table shown, if we assume Jack is a rational utility maximizer, then we can predict he will buy which bundle with his $10?
A. A
B. B
C. C
D. D
The number of times per year a dollar is used to transact an exchange is known as
a. liquidity of money b. velocity of money c. quantity theory of money d. equation of exchange e. rapidity index
Which type of unemployment is most likely to help the economy become more efficient?
a. cyclical b. structural c. seasonal d. frictional e. underemployment
It is always in the interests of workers for the minimum wage to be as high as possible.
Answer the following statement true (T) or false (F)