The net exports effect is the direct relationship between net exports and the price level of an economy
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Refer to the figure above. Which of the following combinations is attainable but inefficient?
A) A B) B C) C D) D
Refer to Table 10-7. What is Antonio's marginal utility from consuming the fifth beer?
A) 4 utils B) 13.6 utils C) 69 utils D) 134 utils
If memberships in health clubs and hospital fitness centers are substitutes and the price of health club memberships rises, what will happen?
A. Demand for health club memberships will fall. B. Demand for health club memberships will rise. C. Demand for hospital fitness center memberships will rise. D. Demand for hospital fitness center memberships will fall.