Which of the following can explain the upward slope of the short-run aggregate supply curve?
a. nominal wages are slow to adjust to changing economic conditions
b. as the price level falls, the exchange rate falls
c. an increase in the money supply lowers the interest rate
d. an increase in the interest rate increases investment spending
a
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The rules of the National Collegiate Athletic Association (NCAA) limit the amount of money colleges can offer to athletes to
A) assure balanced competition on collegiate athletic fields. B) maintain high ethical standards in college sports. C) preserve the spirit of amateurism in an age of professionalism. D) prevent competition for star athletes from raising the price of enrolling them. E) prevent the schools with the most profitable athletic programs from attracting more than their share of the best athletes.
Finite resources can be
a. renewable or nonrenewable b. only nonrenewable c. only renewable d. neither renewable nor nonrenewable e. insatiable
Which of the following is the best measure of an increase in actual output?
A. Nominal GDP. B. Real GDP. C. Per capita GDP. D. GDP per dollar.
If the quantity of money supplied exceeds the quantity of money demanded at a given point in time, _____
Fill in the blank(s) with the appropriate word(s).