"If the money supply rises by $1 billion, GDP will rise until it alone increases the quantity of money demanded by $1 billion." This describes the situation when
A) an IS curve shifts against a horizontal LM curve.
B) an IS curve shifts against a vertical LM curve.
C) a vertical LM curve shifts against an IS curve.
D) a horizontal LM curve shifts against an IS curve.
C
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As a firm produces more and more DVDs, the average cost of producing each DVD falls. A curve showing the behavior of the average cost of a DVD as more DVDs are produced
A) would be positively and then negatively sloped. B) would be positively sloped. C) would be horizontal. D) would be negatively sloped.
Refer to Table 5.3. Rank the doctor's job choices in order, least risky first
A) Work for HMO, open own practice, do research B) Work for HMO, do research, open own practice C) Do research, open own practice, work for HMO D) Do research, work for HMO, open own practice E) Open own practice, work for HMO, do research