Which of these equations indicates net exports?
a. net exports divided by net imports
b. Exports plus imports
c. Imports minus exports
d. exports minus imports
Answer: d. exports minus imports
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The price of pizza falls by 25 percent. If the elasticity of demand for pizza is equal to –1.5, what will happen to the quantity of pizza demanded?
What will be an ideal response?
For a monopolist that engages in price discrimination, when the price elasticity in market 1 is less (in absolute value) than in market 2, the optimal price in market 1 will exceed the optimal price in market 2
a. true b. false
To stabilize real GDP when the money demand curve shifts on its own, the Fed must change the money supply
a. True b. False
When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.