The marginal cost is the cost of ______.
a. inefficiency and waste while producing a good
b. taxes levied on the production of a good
c. producing all of the units of a good
d. producing one more unit of a good.
d. producing one more unit of a good.
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In the Keynesian liquidity preference framework, a rise in the price level causes the demand for money to ________ and the demand curve to shift to the ________, everything else held constant
A) increase; left B) increase; right C) decrease; left D) decrease; right
Everything else held constant, an increase in the required reserve ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
The Fed prefers to focus on inflation based on which price index?
A) personal consumption expenditures price index B) consumer price index C) GDP deflator D) producer price index
Agraria sends wheat to Cyberia in exchange for computers and technology goods. This is an example of
A. unidirectional trade. B. joint venture. C. barter. D. monetary exchange.