A fall in the price of foreign inputs leads to a
A) rightward shift of the AD curve.
B) leftward shift of the AD curve.
C) rightward shift of the SRAS curve.
D) leftward shift of the SRAS curve.
C
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If the 4 largest cereal companies' total sales are $19 billion, and the industry's total sales are $55 billion then the Four-Firm Concentration Ratio is
A. 34.55%. B. 2.89%. C. 28.95%. D. 0.35%.
If the demand for a good decreases as income decreases, then the good is a(n):
A. complementary good. B. normal good. C. substitute good. D. inferior good.
The difference between the official and correct measures of the deficit will be smaller,
A) the higher is government spending. B) the higher is the level of debt, B. C) the smaller is inflation. D) none of the above
One of the potential consequences of the public debt is that it may:
A. Make income distribution more equitable B. Increase the debt burden of foreign creditors C. Lead to additional future taxes that reduce economic incentives D. Decrease interest rates and increase investment spending