If the quantity of euro demanded were greater than the quantity supplied, then the price of the
A. euro would rise.
B. euro would fall.
C. dollar would rise.
D. euro would be in equilibrium.
Answer: A
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There is a movement along the demand for money curve if
A) the nominal interest rate rises. B) there is an economic expansion so that real GDP increases. C) banking customers use ATM machines more. D) the price level increases.
Sally is shopping for textbooks at the beginning of the semester. What is one reason she might decide to not purchase a textbook?
A) Her expected producer surplus is positive. B) Her expected consumer surplus is negative. C) Her expected consumer surplus is positive. D) Her expected profits are positive.
Other things remaining the same, a decrease in inflationary expectations causes the velocity of money to:
a. Rise. b. Fall. c. Not change.
Under perfect competition, price = MC = ATC = MR
A. only in the short run. B. only in the long run. C. in both the short run and the long run. D. in neither the short run nor the long run.