The slope in the above figure is
A) negative and increasing.
B) negative and decreasing.
C) positive and increasing.
D) positive and decreasing.
D
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Which of the following is an example of an "unconventional monetary policy" by a central bank?
A) The purchase of specific categories of assets with new money. B) The sale of long-term government bonds for foreign exchange. C) the purchase of long-term government bonds using foreign exchange. D) raising reserve requirements by commercial banks. E) selling gold reserves.
Which is considered fiat money?
(a) Greenbacks (b) Gold coins (c) Silver dollars (d) Silver certificates
The circular-flow diagram is an example of
a. a laboratory experiment. b. an economic model. c. a mathematical model. d. All of the above are correct.
Consider a firm operating in a competitive market. The firm is producing 40 units of output, has an average total cost of production equal to $5, and is earning $240 economic profit in the short run. What is the current market price?
a. $9 b. $10 c. $11 d. $12