In 2007, investment in France increased by 7 billion euros. Which of following occurs?
I. an upward shift in the AE curve.
II. a leftward shift in the AD curve.
III. an increase in the price level and real GDP in the short run.
IV. an increase in the price level and no change in real GDP in the long run.
A) I, II, III and IV. B) I and III only. C) I, III and IV only. D) III and iv only.
C) i, iii, and iv only
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Which of the following accurately describes a major difference between a monopolist and firms in competitive price-searcher markets?
a. A monopolist will maximize profit, while firms in competitive price-searcher markets will maximize sales. b. A monopolist may be able to earn long-run economic profit, but firms in competitive price-searcher markets will not be able to do so. c. A monopolist will charge a price that is greater than its marginal cost, but competitive price searchers will charge prices that are just equal to their marginal cost. d. A monopolist will charge a price that is just equal to its marginal cost, but competitive price searchers will charge prices that are greater than their marginal cost.
If a firm is operating at a loss in the short run and finds that its price is greater than average variable cost, then
A. it should produce where MR = MC. B. it should produce zero output. C. total revenue is greater than total costs. D. total revenue is less than total variable costs.
If two goods are complements,
A) the demands for both goods will be elastic. B) cross price elasticity of demand will be 0. C) cross price elasticity of demand will be negative. D) cross price elasticity of demand will be positive.
When did NAFTA go into effect?
What will be an ideal response?