The long-run aggregate supply curve will shift to the left when
A) technology improves. B) new sources of oil are discovered.
C) the price level increases. D) population decreases.
D
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Exchange rate crises are only associated with fixed exchange rate systems
Indicate whether the statement is true or false
A subgame-perfect equilibrium is a Nash equilibrium that
a. cannot persist through several periods. b. involves only credible threats. c. consists only of dominant strategies. d. is unique.
Given the total cost function TC = 2,000 + 2Q, when output is 1,000 units average total cost is ________ and total fixed cost is ________.
A. $2; $2 B. $4; $2 C. $4,000; $2,000 D. $4; $2,000
The demand for money is downward sloping, because at higher interest rates
A. the opportunity cost of holding cash is lower. B. the opportunity cost of holding money is decreasing. C. the opportunity cost of holding money is higher. D. the opportunity cost of holding money is constant.