Over the long haul, rapid increases in the supply of money lead to
What will be an ideal response?
inflation
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If the quantity of tacos demanded is represented by the equation QD = 20 - 0.5P then the corresponding price of tacos is represented by the equation
A) P = 10 - 2QD. B) P = 40 - 2QD. C) P = 0.5QD + 10. D) P = QD + 40.
If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from the third, the total utility of consuming the three units is
A) 57 utility units. B) 35 utility units. C) 15 utility units. D) unknown as more information is needed to determine the answer.
What most frightens investors in the stock market is
A. the possibility of losing their investments. B. the possibility of gaining too much from their investments, and the resultant tax consequences. C. the possibility that the prices of many investments may collapse simultaneously. D. the possibility that a company that they have invested in will go bankrupt.
In order to increase productivity and economic growth, poor nations need
A. A large military. B. Increased consumption. C. A strong dictator. D. Increased capital investment.