The money demand curve is

a. downward sloping
b. upward sloping
c. horizontal
d. vertical
e. has an inverted V-shape.

A

Economics

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If resource prices rise and the per-unit cost of producing a product increases as the firms in an industry expand output in response to an increase in demand, the long-run market supply curve for the product will:

a. be perfectly elastic (a horizontal line). b. be perfectly inelastic (a vertical line). c. slope upward to the right. d. be more inelastic than the short-run supply curve for the product.

Economics

Discrimination exists when a man and a woman with the same levels of education earn different incomes.

Answer the following statement true (T) or false (F)

Economics