The money demand curve is

a. downward sloping
b. upward sloping
c. horizontal
d. vertical
e. has an inverted V-shape.


A

Economics

You might also like to view...

The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). If the price were $2.50, consumer surplus equals

A) $301.00. B) $924.50. C) $1,225.50. D) $0

Economics

Suppose Kate's Great Crete (KGC) has annual variable costs of VC = 30Q + 0.0025Q2 and marginal costs of MC = 30 + 0.005Q, where Q is the number of cubic yards of concrete it produces per year. In addition, it has an avoidable fixed cost of $50,000 per year. KGC's demand function is Qd = 20,000 - 400P. What is KGC's total revenue function?

A. TR = 50Q - 0.0025Q2 B. TR = 50Q + 0.0025Q2 C. TR = 20,000 - 400P D. TR = 50 - 0.005Q

Economics

A perfectly competitive firm's supply curve follows the upward-sloping segment of its marginal cost curve above the:

a. average total cost curve. b. average variable cost curve. c. average fixed curve. d. average price curve.

Economics

A private closed economy will expand when:

A. actual GDP is less than potential GDP. B. unplanned decreases in inventories occur. C. aggregate expenditures are less than GDP. D. unplanned increases in inventories occur.

Economics