Productivity increases, brought about by increased education and training, may shift the aggregate supply curve outward.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is true?
A) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which decelerated their economic growth. B) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which accelerated their economic growth. C) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which accelerated their economic growth. D) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which decelerated their economic growth.
Aggregate private spending is stable according to non-activists PRIMARILY because
A) consumer spending is insulated from changes in income according to the PIH and LCH theories. B) private residential and non-residential investment is volatile. C) government spending is volatile. D) the money supply is unstable.
Predatory pricing:
A. is an aggressive business move to maintain market power. B. was used by DeBeers to maintain control over the diamond market. C. is when a firm intimidates others to maintain the high prices the largest firms set. D. All of these statements are true.
From 1980 to 2000, the yen-dollar exchange rate fell from 240 yen/dollar to 102 yen/dollar, while the dollar-pound exchange rate fell from 2.22 dollars/pound to 1.62 dollars/pound. As a result
A. the dollar appreciated relative to both the yen and the pound. B. the dollar depreciated relative to the yen, but appreciated relative to the pound. C. the dollar depreciated relative to both the yen and the pound. D. the dollar appreciated relative to the yen, but depreciated relative to the pound.