Given the budget line in the above figure, what is the household's real income in terms of pizzas per month?
A) 5 pizzas per month
B) 4 pizzas per month
C) 3 pizzas per month
D) All of above represent the household's real income.
A
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Refer to Figure 12-10. The total cost at the profit-maximizing output level equals
A) $4,800. B) $3,300. C) $2,500. D) $1,800.
Which of the following are characteristics of market based regulations?
A) regulatory tripwires B) monitoring the value of a bank's subordinated debt instruments C) Market traders must have good information about depository institution risk. D) all of the above
The record of all transactions with foreign nations that involve the exchange of merchandise goods and services or unilateral gifts is called the: a. capital account
b. current account. c. balance of trade. d. balance of payments.
If the economy's output response to changes in current inflation is small, the slope of the dynamic aggregate demand curve will be:
A. positive. B. flat. C. steep. D. zero.