In the Keynesian model, which of the following will cause an increase in interest rates?
A) An increase in money demand
B) An increase in money supply
C) An increase in saving
D) A decline in saving
A
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Private markets usually provide lighthouses because ship captains have the incentive to navigate using the lighthouse and therefore will pay for the service
a. True b. False Indicate whether the statement is true or false
A tax levied on the buyers of a good shifts the
a. supply curve upward (or to the left). b. supply curve downward (or to the right). c. demand curve downward (or to the left). d. demand curve upward (or to the right).
The current world exchange rate system is usually described as an adjustable peg system.
Answer the following statement true (T) or false (F)
The most anyone is willing to pay for another purse is $30. Currently the price of a purse is $40, and the cost of producing another purse is $50. The marginal benefit of a purse is
A) $50. B) $40. C) $30. D) an amount not given in the answers above.