In Figure 1.1, which labeled points are unattainable?
A. only A
B. only B and C
C. only D
D. A, B, and C
Answer: C
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The increase in the currency ratio during World War II was due to
A) bank panics. B) a drop in the rate of interest paid on checking deposits. C) the spread of ATMs. D) high taxes and illegal activities.
In about two paragraphs, distinguish between outsourcing and offshoring as they relate to business processes.
What will be an ideal response?
Refer to the graphs below. Which graph shows a change in the price of X, but no changes in the price of Y and in the buyer's budget?
A. Graph A
B. Graph B
C. Graph C
D. Graph D
When output increases from Q1 and the price level decreases from P1, this change will:
Refer to the graph above.
A. Be caused by a shift in the aggregate supply curve from AS1 to AS2
B. Be caused by a shift in the aggregate supply curve from AS1 to AS3
C. Result in a movement along the aggregate demand curve from e1 to e2
D. Result in a movement along the aggregate demand curve from e3 to e1