Joan has the following assets and liabilities:Credit card balance$1,000Cash$200Government bonds$3,000Checking$300Car loan balance$10,000Car$15,000 What is Joan's money demand?

John is ready to pay $5 for an extra loaf of bread. Due to an ongoing discount in the store, he gets a loaf for $2. John's consumer surplus from the purchase is ________

A) $2 B) $2.50 C) $3 D) $10

Assume that there are two investments very similar in all respects, but Investment X has a higher rate of return than does Investment Y. As a result of the arbitrage process, the price of Investment

A. X will fall and its rate of return will fall B. Y will rise and its rate of return will fall C. X will fall and its rate of return will rise D. Y will fall and its rate of return will rise