Which of the following increases the demand for money?
A) an increase in the costs of transferring between money and non-money accounts
B) a decrease in real GDP
C) a decrease in the price level
D) declining preferences by consumers for holding money
Ans: A) an increase in the costs of transferring between money and non-money accounts
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In which market structure is there a large number of firms producing slightly differentiated products?
A) monopoly B) oligopoly C) only perfect competition D) only monopolistic competition E) either perfect competition or monopolistic competition
Shaniq buys only soda and pizza and is buying the amounts that maximize her utility. The marginal utility from a soda is 30 and the price of a soda is $2. The marginal utility from a slice of pizza is also 30. The price of a slice of pizza must be
A) $30. B) $2. C) $1. D) some amount that cannot be calculated without more information.
Between 2001-2005,
a. both sub-prime and adjustable rate mortgages decreased as a share of the total. b. both sub-prime and adjustable rate mortgages increased as a share of the total. c. sub-prime loans increased, but adjustable rate loans decreased as a share of the total. d. sub-prime loans decreased, but adjustable rate loans increased as a share of the total.
The savings rate in Josiane’s country has been very low for many years. Describe how this has likely impacted the country’s growth rate. Provide brief examples.
What will be an ideal response?