Refer to Scenario 10.2. What is the profit maximizing price?
A) $95.00
B) $5.00
C) $52.50
D) $10.00
C
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Workers expect inflation to rise from 3% to 5% next year. As a result, this should
A) move the economy down along a stationary short-run aggregate supply curve. B) move the economy up along a stationary short-run aggregate supply curve. C) shift the short-run aggregate supply curve to the left. D) shift the short-run aggregate supply curve to the right.
The government of a small open economy announces a tax cut of $100 this year, combined with a tax increase of $110 next year, when the interest rate is 10%
What are the effects of this change on the world real interest rate, national saving, investment, and the current account balance in equilibrium when (a) Ricardian equivalence holds? (b) Ricardian equivalence does not hold?
Refer to the above data. The expenditures approach to GDP calculation can be done by adding:
1 through 7 8 through 13 2 through 7 8 through 11
Investment is _________ related to the interest rate, and NCO is __________ related to the interest rate.
A. negatively; negatively B. negatively; positively C. positively; positively D. positively; negatively