Using the data in the above table :

Using the data in the above table
 
  A) the variables quantity and price are positively related.
  B) the variables quantity and price are negatively related.
  C) the variables quantity and price are neither positively nor negatively related.
  D) an increase in price is likely to cause an increase in quantity.

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Ques. 2

What are the components of fiscal policy? Explain how fiscal policy affects aggregate demand.
 
  What will be an ideal response?

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Ques. 3

What role can the Fed play in the foreign exchange market?
 
  What will be an ideal response?

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Ques. 4

The U.S. historical evidence
 
  A) generally supports the quantity theory of money in the long run.
  B) does not support the quantity theory of money.
  C) demonstrates that there is no correlation between the money growth rate and inflation.
  D) shows that a higher inflation rate causes an increase in the money growth rate.

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Ques. 5

The slope of the utility of wealth curve of a risk-averse person
 
  A) increases as wealth increases.
  B) decreases as wealth increases.
  C) is constant.
  D) is negative.

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Ques. 6

Based on the production and revenue data in the above table, what is the price of the product?
 
  A) 100
  B) 10
  C) 1
  D) More information is needed to determine the price of the product.

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Ques. 7

In the scenario above, in Nash equilibrium
 
  A) both firms cheat to produce more than the agreed amount.
  B) both firms comply with the agreement.
  C) one firm complies with the agreement while the other cheats to produce more than the agreed amount.
  D) both firms cheat to produce less than the agreed amount.

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Ques. 8

The table above shows the demand and costs for a single-price monopolist. The firm can maximize its profit by selling
 
  A) 0 units.
  B) 20 units.
  C) 40 units.
  D) 60 units.