Since the 1950s, nonresidential investment has
A. declined.
B. not changed.
C. decreased substantially.
D. changed as we invest more in software and computers than buildings.
Answer: D
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Traveler's checks are included in
A) M1 only. B) M2 only. C) both M1 and M2. D) neither M1 nor M2.
Other things constant, an increase in the real GDP of a country will: a. increase the price level
b. shift the demand for money curve rightward. c. shift the demand for money curve leftward. d. decrease the nominal interest rate. e. decrease the quantity of money demanded.
Suppose you drive a car that gets good gas mileage, and you notice that more and more people are driving gas-guzzling cars. Their increased demand for gas:
A. is likely to cause the price you pay for gas to increase. B. does not change the price you pay, but it reduces the quantity of gas supplied. C. is likely to cause the price you pay for gas to decrease. D. does not affect you.
When there is a surplus in a market, prices are likely to fall because:
A.) Buyers do not wish to buy as much as sellers want to sell. B.) Some buyers will offer to pay a higher price, initiating a move up the supply curve. C.) Sellers are likely to increase their production. D.) Buyers will wait for the government to establish a price floor.