How have companies like Uber and Lyft affected the ride-sharing market?
A. Price and quantity of the rides have decreased.
B. Price of the rides increased, and the quantity of rides have decreased.
C. Price and quantity of the rides have increased.
D. Price of the rides decreased, and the quantity of rides have increased.
Answer: D
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In Figure 13-2 above, suppose that the Fed maintains a constant nominal money supply, commodity prices are fixed, and that commodity demand is unstable ranging from IS0 to IS1. Equilibrium Y would then range from
A) A0 to A1. B) B0 to B1. C) C0 to C1. D) Insufficient information.
How does the form that government spending takes affect resource allocation between public goods and private goods?
European banks began with which of the following?
a. Churches were the first bankers, lending out cash to help the poor learn a craft. b. Monarchs were the first bankers, lending out cash to help the poor learn a craft. c. Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money. d. Fishermen were the first bankers, and the paper receipts they issued for fish they stored in the holds of their ships became valued as money.
Inflation accompanied by falling real output and employment is known as:
A. Laffer's law. B. Okun's law. C. stagflation. D. the Phillips Curve.