Which of the following would cause stagflation?
A. Aggregate demand shifts left.
B. Aggregate demand shifts right.
C. Aggregate supply shifts left.
D. Aggregate supply shifts right.
Answer: C
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Use the figure below to answer the following question.
If actual production and consumption occur at Q2
A. there is deadweight loss of d. B. there is deadweight loss of f. C. consumer surplus and producer surplus is maximized. D. economic surplus is below the maximum.
Suppose that Dave has $200 to spend per week and he buys only magazines and pizza. The price of a pizza is $10 and the price of a magazine is $5. If Dave buys 15 pizza each week, what is the maximum number of magazines can he buy?
A) 40 B) 20 C) 10 D) 200
A diversified portfolio represents a disadvantage to small investors since it requires large amounts of money to set up.
Answer the following statement true (T) or false (F)
The Financial Services Modernization Act
a. reinforced the Glass Steal Act. b. prevented mergers of banks. c. eliminated barriers between banks, brokerage houses, and insurance companies. d. eliminated all banking regulations.