During a banking panic, c ________, e ________, and the money supply ________
A) rises, rises, falls
B) rises, falls, is unaffected
C) falls, falls, is unaffected
D) falls, rises, rises
E) falls, falls, falls
A
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Which of the following is a long-run adjustment?
a. A new economics professor is hired on campus. b. General Motors increases its orders for steel. c. Microsoft cuts back its hiring of new graduates. d. Glow Electric disassembles one of its nuclear power plants. e. Texaco buys more crude oil to refine into gasoline.
A monopoly firm can sell its fourth unit of output for a price of $250 . In order to sell more than five units, it must expect to receive a price:
a. equal to $250. b. greater than $250. c. less than $250. d. equal to $340. e. the price is impossible to calculate with the information given.
Which of the following statements is correct?
a. If the inflation rate is steady at 5 percent, for example, the real and nominal interest rates will be equal. b. An increase in the demand for goods now compared with goods in the future would cause the real interest rate to rise. c. A "positive rate of time preference" means that an individual would rather save than consume. d. During an extended inflationary period, the money (or nominal) interest rate will usually be lower than the real rate of interest.
Refer to the below table. The price of the product being produced by this resource is:
A. $1
B. $2
C. $3
D. $4