According to Figure 7-1, a decrease in the money stock
a. lowers the interest rate to r1.
b. raises the interest rate to r2.
c. leaves the interest rate at r0.
d. None of the above
B
Economics
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Refer to Table 2-13. What is Tammi's opportunity cost of bathing a cat?
A) two groomed dogs B) one and a half groomed dogs C) two-thirds of a groomed dog D) half a groomed dog
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According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant
a. True b. False Indicate whether the statement is true or false
Economics