The downward slope of the demand for money curve reflects the fact that
A) people hold more of their wealth in the form of money as the price level rises.
B) people hold more of their wealth in the form of money as the price level falls.
C) people hold more of their wealth in the form of money as the interest rate rises.
D) people hold more of their wealth in the form of money as the interest rate falls.
D
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Holding other factors constant, if the retirement of many in people in the post-war baby boom generation reduces the portion of the population is the labor force, then the real wages of workers will ________ and employment of workers will ________.
A. increase; increase B. decrease; not change C. decrease; increase D. increase; decrease
In the long run, with an increase in the plant size, _____
A. the short-run average total cost curve shifts downward B. the long-run average cost curve slopes downward C. the short-run average total cost curve shifts downward if economies of scale exist D. the average total cost of production rises
The case for income inequality is supported by which of the following arguments?
a. personal misfortune is a random event b. Lerner's maximum utility argument c. economic efficiency d. Marx's position that private property is theft e. the Chinese divide-and-choose method of property division
Pricing is an aspect of a firm's:
A. conduct. B. environment. C. performance. D. structure.