Which of the following is the best example of an item that a "real world" savings account is designed to cover?
A) the monthly payment for the lease of your apartment
B) the purchase of the gasoline you use driving back and forth to work
C) an unexpected expenditure to repair the transmission of your car
D) funds you are setting aside for your retirement years
C) an unexpected expenditure to repair the transmission of your car
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The short-run aggregate supply line is:
A. upward sloping. B. downward sloping. C. horizontal at the current rate of inflation. D. vertical at the economy's potential output.
A rightward shift in the aggregate demand curve is most likely to result in
A. deflation. B. recession. C. inflation. D. decrease in employment.
When a transfer price decreases
a. the costs of the division using the intermediate product will fall b. the profits of the division using the intermediate product will be unaffected c. the profits of the division using the intermediate product will fall d. the profits of the division using the intermediate product will rise
Which of these changes is likely to be witnessed by a monopolistically competitive firm in the long run if it incurs a loss in the short run? a. The demand curve faced by it will become horizontal. b. The market price of its product will increase
c. Its average cost of production will decrease. d. Its marginal cost of production will decrease.