Indicators of economic activity that move at the same time as the overall economy are called ________ indicators.
A. short-term
B. real
C. long-term
D. coincident
Answer: D
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La Dila and Swiss Pro are the only two firms in an industry. The firms charge equal prices for their products, which are perfect substitutes. La Dila decides to lower its price slightly. Swiss Pro responds by cutting its price further
This price cutting will continue as long as each firm's ________. A) price is lower than marginal cost B) price is higher than marginal cost C) price is higher than zero D) price is higher than the average fixed cost
The supply curve of U.S. dollars shifts leftward. This could have been influenced by ________
A) a rise in the U.S. interest rate differential B) a fall in the expected future exchange rate C) an increase in the U.S. exchange rate D) a decrease in the U.S. exchange rate
Refer to the accompanying figure. The equilibrium price is ________, and the equilibrium quantity is ________.
A. $30; 15 B. $25; 5 C. $25; 20 D. $35; 20
If the demand curve facing the monopolist is P = 70 ? 14Q, then the slope of its marginal revenue curve is:
A. ?35. B. ?7. C. ?28. D. ?14.