The production function shifts upward as the capital stock increases.
Answer the following statement true (T) or false (F)
True
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The expected future exchange rate has ________ on the supply of dollars and has ________ on the demand for dollars
A) no effect; no effect B) an effect; no effect C) an effect; an effect D) no effect; an effect E) an effect sometimes; an effect sometimes
Refer to Figure 11-6. In the figure above which letter represents the marginal cost curve?
A) A B) B C) C D) D
The crowding out effect of expansionary fiscal policy refers to which of the following?
A) a reduction in private sector planned investment B) a reduction in the stock of inventories C) the reduction in the size of the budget deficit D) the reduction in the size of the recessionary gap
In an effort to lose weight, Sam posts flyers all over town that offer a reward of $50 to anyone who catches him eating unhealthy food. Sam's flyers are an example of:
A. a commitment device. B. price-optimization theory. C. the law of supply. D. a way to deal with inconsistent costs.