An expansionary monetary policy may be frustrated if the ________.
A. saving schedule shifts downward
B. net export schedule shifts upward
C. money demand curve shifts to the left
D. investment demand curve shifts to the left
Answer: D
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A firm's total variable cost (TVC) is defined as a cost that
A) does not change (is not "variable") as the firm changes its output. B) changes as the firm changes its output. C) falls as the firm increases its output. D) varies only when the firm reaches the long run.
We would expect:
A. the demand for Coca-Cola to be less price elastic than the demand for soft drinks in general. B. the demand for Coca-Cola to be more price elastic than the demand for soft drinks in general. C. no relationship between the price elasticity of demand for Coca-Cola and the price elasticity of demand for soft drinks in general. D. none of these to hold true.