A ________ money supply curve implies that the quantity of money supplied is independent of the interest rate

a. horizontal
b. vertical
c. upward sloping
d. downward sloping

b

Economics

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Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D1 and S2 (point B). Which of the following changes would cause the equilibrium to change to point C?

A) a positive change in the technology used to produce apples and decrease in the price of oranges, a substitute for apples B) an increase in the wages of apple workers and an increase in the price of oranges, a substitute for apples C) an increase in the number of apple producers and a decrease in the number of apple trees as a result of disease D) a decrease in the wages of apple workers and an increase in the price of oranges, a substitute for apples

Economics

How does the dictator game differ from the ultimatum game? a. The responder can dictate whether the offer is accepted or not

b. The responder has no choice but to accept the proposal. c. The experimenter takes over the proposer's role, inserting an offer designed to test a hypothesis. d. If the responder rejects, the proposer obtains the whole "pie."

Economics