When will the long-run supply curve of a perfectly competitive market shift upward?
The long-run supply curve of a perfectly competitive market will shift upward if there is an increase in the variable cost.
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Dynamic open market operations
A) are aimed at achieving changes in monetary policy. B) are used much more frequently than defensive open market transactions. C) are used to offset disturbances to the monetary base. D) make it easy to deduce the Fed's intentions for monetary policy.
Which of the following is a general rule of business etiquette in the given city?
A) Beijing, China: If someone offers you his or her business car, accept it with both hands, read it immediately, and then present your business card to the person. B) Hong Kong, China: It is considered impolite to run out of business cards. C) Sydney, Australia: It is important to know about the latest sports matches. D) Berlin, Germany: When out with German business associates, try not to talk about sports. E) All of the above are examples of proper business etiquette around the world.
Use the above table and assume a fixed cost of $200. At an output of 4, AFC is
A. $50.
B. $100.
C. $200.
D. $400.
The velocity of money
A. indicates the speed with which the U.S. Treasury can mint new coins. B. is, according to the equation of exchange, equal to M/Y. C. indicates the number of times per year a dollar is spent on final goods and services. D. is, according to the equation of exchange, equal to P/M.