Question

why the money demand function is negatively sloped by referring about the substitution relation between money and bond ?

webapps/assessment/review/review.jsp?attempt_id=_788799_18coursejde_23846_1&content_id=_428813_1&outcome id=_74960718outcome_definition. Maps I Question 8 O out of 10 points Scenario: The production functions of Portugal and Russia are the same, and each country has the same amount of physical capital stock. Efficiency units of labor in Portugal is shown with Hp whereas HR stands for the efficiency units of labor in Russia. Efficiency units of Labor Refer to the figure displayed above. How will Y (real GDP) be affected from a one-unit increase in the efficiency units of labor in Russia relative to Portugal? Selected Answer: Answers: Real GDP will increase more in Russia. Real GDP will decrease more in Russia. Real GDP will decrease less in Russia. Real GDP will increase more in Russia. Real GDP will increase less in Russia Questione 7

Answer 1

8. Real GDP will increase less in Russia
Explanation
this is because of diminishing marginal returns. The slope of the curve is decreasing with increase in efficiency units of labor.

5. 4

Explanation
Price of Big Mac = 600 x (2000/300,000) = 4