The quantity of money demanded
A) is infinite.
B) is directly controlled by the Fed.
C) has no opportunity cost.
D) is the quantity that balances the benefit of holding an additional dollar of money against the opportunity cost of doing so.
E) changes very infrequently.
D
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If there is an increase in the price of broccoli because of disastrous weather that destroys about half of this year's spinach crop, which of the following could be TRUE?
A) The cross elasticity of demand between spinach and broccoli is negative 1.25. B) The demand curve for broccoli has shifted rightward and the cross elasticity of demand between spinach and broccoli is positive. C) The demand curve for spinach has shifted to the leftward and the cross elasticity of demand between spinach and broccoli is positive. D) The demand curves for spinach and broccoli have become more cross inelastic.
If a line passes through the points (20,5) and (10,10), then the slope of the line is -2
a. True b. False Indicate whether the statement is true or false