Which of the following changes shifts the AD curve up and to the right?
A) A rise in the nominal money supply
B) An increase in income taxes
C) An increase in the risk on nonmonetary assets
D) A decrease in the future marginal productivity of capital
A
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Describe and explain the relationship between the price of bonds and the interest rate
What will be an ideal response?
Suppose a plaintiff hires a lawyer to represent her in a court case. She agrees to pay the lawyer a wage per hour
She knows precisely what the lawyer should do and how long each activity should take, and she can verify that the lawyer has correctly completed each activity. She can terminate the contract at any time. With this contract, A) the lawyer bears all the risk. B) the risk is shared by the lawyer and the plaintiff. C) production efficiency can be achieved. D) production efficiency is impossible.