Which of the following increases Money Demand?
a. Lower nominal interest rates.
b. Higher nominal interest rates.
c. Higher real GDP
d. Lower real GDP
c
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________ choose the quantities of factors of production to hire and ________ choose the quantities of goods and services to produce
A) Markets; markets B) Firms; households C) Factor markets; goods markets D) Entrepreneurs; firms E) Firms; firms
A firm that has market power
A) can charge whatever it wants for its product. B) can charge a price above marginal cost. C) has positive economic profits. D) does not lose sales when increasing price.
A defendant believes there is a 70 percent chance that the plaintiff will win $800,000 and a 30 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 90 percent chance that they will win $800,000 and a 10 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $300,000 and the defendant's litigation
cost is $200,000. The defendant would be willing to pay any amount up to ________ to settle. A) $760,000 B) $700,000 C) $420,000 D) $500,000
Since the 1950s, total private sector expenditures in the United States fell by half to 50 percent of GDP
a. True b. False Indicate whether the statement is true or false