If the Fed maintains an expansionary monetary policy, ________
A) the M2 measure of money decreases B) the real interest rate increases
C) banks make less loans D) bank deposits increase
D
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To produce 10 shirts, the total cost is $80; to produce 11 shirts, the total cost is $99. The marginal cost of the 11th shirt is equal to
A) $8. B) $9. C) $80. D) $99. E) $19.
Which of the following statements is consistently associated with the standard migration model?
A. The decision to move is expected to increase the household's overall utility. B. Return migration occurs only when the mover regrets having made the initial move. C. Moving for job reasons is always done at the expense of family desires. D. Repeat migration occurs only when the mover is moving for job-related reasons. E. Repeat migration occurs only when the mover regrets having made the initial move.