Many people prefer debit cards to checks because:
a. checkbooks are not required and direct payments are made
b. checks are unsafe for use.
c. debit cards delay money payments.
d. using checks is time consuming.
e. debit cards help account holders get a loan from the card issuer.
a
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Some of the factors that can shift the short-run aggregate supply curve can also cause a shift in the long-run aggregate supply curve
Indicate whether the statement is true or false
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
The combination of expansionary U.S. monetary policy and contractionary U.S. fiscal policy should:
A. raise the exchange rate if prices and income do not change. B. have an ambiguous effect on the exchange rate if prices and income do not change. C. not affect the exchange rate if prices and income do not change. D. reduce the exchange rate if prices and income do not change.
Firms 1 and 2 compete in a Cournot duopoly. If firm 1 adopts a strategy that raises firm 2's marginal cost:
A. firm 1 will increase market share. B. firm 2 will increase its output. C. firm 1 will suffer lower profits. D. All of the statements associated with this question are correct.