Other things the same, if the central bank decreases the rate at which it increases the money supply, then
a. unemployment and inflation rise in the short run.
b. unemployment rises and inflation falls in the short run.
c. unemployment falls and inflation rises in the short run.
d. unemployment and inflation fall in the short run.
b
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Use the above table. At an income of $150
A) real saving is $20. B) real dissaving is $50. C) real saving is $10. D) real dissaving is $10.
Which area in the above figure shows the consumer surplus at the price and quantity that would be attained if the industry were perfectly competitive?
A) A + B + C + D B) A + B + C + D + E C) F + G + H D) A + B + C + D + E + F + G + H
An unchallenged monopoly in a product market has a tendency to be lazy, but that tendency can be limited by the capital market
Indicate whether the statement is true or false
Refer to Figure 4.3. Which diagram most likely represents the indifference map for Sony PlayStations and Nintendo GameCubes?
A. A
B. B
C. C
D. D