Over a typical month, Ying Liao will balance spending time on meals, work, entertainment, study, sleep, and so on by ensuring that there is equality among the marginal
a. factor costs of each market work activity
b. products of each market work activity
c. revenues from each of the products sold
d. wages of each hour worked
e. expected net utilities of each activity
E
Economics
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The demand for reserves will increase at lower levels of GDP
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is most likely to happen if the demand for money decreases in the domestic economy under floating exchange rates and free capital mobility?
A. The average price level in the domestic economy will decrease. B. The domestic interest rate will increase. C. Domestic borrowing will decline. D. The financial account of the country's balance of payments will deteriorate.
Economics