The money supply and money demand curves are _____ and ______ respectively.
a. Vertical; downward sloping
b. Upward sloping; vertical
c. Upward sloping, downward sloping
d. None of the above
a
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How does poor health contribute to poverty? How does poverty contribute to poor health?
What will be an ideal response?
Everything else held constant, a decrease in net taxes ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
With overnight repos, __________ earn interest while sacrificing virtually no liquidity
A) corporations B) banks C) governments D) consumers
Marginal cost is the
A. change in total cost resulting from the purchase of one more unit of the variable input. B. change in total cost resulting from the production of one more unit of output. C. difference between total fixed cost and total variable cost. D. difference between total cost and total expenditure.