Under a fixed exchange rate system, if the government decides to increase the fixed exchange rate, net exports will ________ and the IS curve will shift to the ________
A) increase; left
B) increase; right
C) decrease; left
D) decrease; right
C
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The aspects of the society's rule that concern economic transactions are referred to as:
A) economic principles. B) economic institutions. C) financial regulations. D) economic ideals.
The market supply curve shows the
A) minimum price suppliers must receive in order to produce another unit of the good. B) maximum price suppliers must receive in order to produce another unit of the good. C) amount of producer surplus suppliers receive. D) profit that suppliers receive from producing another unit of the good.
Which statement is true?
A. Industry X is more concentrated than Industry Y.
B. Industry X is more concentrated than Industry Z.
C. Industry Z is more concentrated than Industry X.
D. Industries X, Y, and Z have the same concentration ratio.
If actual output equals potential output, unusually slow potential output growth would tend to result in:
A. a recession. B. an output gap. C. an expansion. D. a recessionary gap.