Desirable characteristics for money do not include
a. divisibility
b. portability
c. durability
d. not being of uniform quality
e. a stable supply
D
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In the classical model, an increase in aggregate demand will cause
A) an increase in actual output, or Gross Domestic Product (GDP). B) a decrease in actual output, or Gross Domestic Product (GDP). C) a decrease in price level. D) an increase in price level.
The quantity of money demanded
A) is infinite. B) is directly controlled by the Fed. C) has no opportunity cost. D) is the quantity that balances the benefit of holding an additional dollar of money against the opportunity cost of doing so. E) changes very infrequently.
Fill in the blank: Other things constant, the growing availability of college degrees being offered through online programs will tend to ________ the price elasticity of demand for more traditional college degree programs
A) leave unchanged B) decrease C) increase D) alter for the better
Which of the following is an accurate statement concerning effects on the supply curve?
a. Few events will affect the supply curve but not the demand curve. b. Few events will affect the equilibrium curve but not the supply curve. c. Many events will affect the supply curve but not the demand curve. d. Many events will affect the supply curve but not the equilibrium curve.