Carol has just purchased a cereal she saw advertised on TV because of the health benefits contained in the ad. The TV ad is an example of
A) mass marketing.
B) direct marketing.
C) indirect marketing.
D) interactive marketing.
Answer: A
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Refer to the figure above. Social welfare will be maximized if ________ units of Good Y are produced
A) 9 million B) 20 million C) 13 million D) 16 million
Which of the following will shift the aggregate demand curve to the left, ceteris paribus?
A) an increase in disposable income B) an increase in expected profits for firms C) an increase in net exports D) an increase in interest rates
The policy irrelevance proposition states that
A) only relatively large expected changes in monetary policy impact the economy. B) anticipated changes in monetary policy are ineffective in changing real GDP. C) only statements from the White House have impact on the economy. D) in the short run unanticipated changes in monetary policy are ineffective in changing real GDP.
The more time a firm gets to adjust to a given price change, the more elastic its supply is
Indicate whether the statement is true or false