The earliest beginning of the European Union was the:
A) Maastricht Treaty.
B) Treaty of Rome.
C) Paris Accord.
D) Louvre Accord.
Ans: B) Treaty of Rome.
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In the simple liquidity preference model, changes to the money supply will have a smaller effect on interest rates the:
A. flatter, more elastic is the money demand curve. B. flatter, less elastic is the money demand curve. C. steeper, more elastic is the money demand curve. D. steeper, less elastic is the money demand curve.
If the price elasticity of demand for pineapples is 0.75, then a 4% increase in the price of pineapples will lead to a:
A. 0.75% increase in the quantity of pineapples demanded. B. 3% decrease in the quantity of pineapples demanded. C. 0.75% decrease in the quantity of pineapples demanded. D. 3% increase in the quantity of pineapples demanded.