Refer to the given graph. A movement from a to b along C 1 might be caused by a(n):
A. recession.
B. wealth effect of an increase in stock market prices.
C. increase in income tax rates.
D. increase in real GDP.
D. increase in real GDP.
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Refer to the scenario above. What will be the future value of the deposit after 1 year?
A) $8,420 B) $8,480 C) $8,640 D) $8,820
A monopoly exists when
A. One firm produces all the output for a particular good or service. B. The government intervenes on behalf of consumers. C. A large number of firms are producing a good. D. A small number of firms are the only producers of a good.
Exhibit 1A-1 Straight line
As shown in Exhibit 1A-1, the slope of straight line AB:
A. decreases with increases in X. B. increases with increases in X. C. increases with decreases in X. D. remains constant with changes in X.
If income is $30 billion, the price level is 3, and the stock of money is $18 billion, what is the velocity of money?
A. 1.4 B. 1.8 C. 5 D. 180