A person using a high discount rate is going to consider the concept of sustainability
A. just a fancy term oil and gas companies use to argue for increased rights to drill.
B. as wise.
C. as overly weighting the future.
D. as unwisely focusing on the present.
Answer: C
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Which of the following would tend to increase AD?
a. a commercial bank using excess reserves to extend a loan to a customer b. a commercial bank purchasing U.S. securities from the Fed as an investment c. an increase in reserve requirements d. an increase in the discount rate
If the government uses a budget surplus to pay off old debt, private sector spending may increase.
Answer the following statement true (T) or false (F)
A firm is currently producing in the inelastic portion of its demand curve. What course of action do you recommend for it, assuming it wants to raise revenue?
A. Reduce price, because if it reduces price and demand is inelastic, total revenue will increase. B. Continue selling at the same price, but increase the amount it produces. C. Increase price, because if it increases price and demand is inelastic, total revenue will increase. D. Continue producing at the current output level, because it maximizes its total revenue by producing in the inelastic portion of its demand curve.
As a typical firm increases its output, its marginal cost
A) is constant. B) decreases at first and then increases. C) increases at first and then decreases. D) decreases. E) is negative at first and then positive.