Assuming that money is neutral, an increase in the nominal money supply would cause
A) an excess supply for goods.
B) an increase in the real money supply.
C) a fall in the price level.
D) a rise in nominal wages.
D
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The filing status of an unmarried single parent living with another person is likely to be
A. married filing jointly. B. single head of household. C. single. D. married filing separately.
A country is most likely to have a comparative advantage in the production of cars if:
A. it has a relative abundance in the natural resources needed to produce cars. B. it imports most of the raw materials necessary to produce cars. C. its citizens prefer driving cars to other forms of transportation. D. it has strict environmental protection laws governing automobile emissions.
In the fooling model's AD/SAS/LAS diagram, short-run equilibria to the right of the LAS curve require the price level to be
A) above what workers expect. B) above what firms expect. C) below what workers expect. D) below what firms expect.
When a firm's fixed cost rises, its total profit curve shifts
a. up at every output level. b. down at every output level. c. left at every profit level. d. right at every profit level.