If all prices fall by 5 percent and money income remains constant, the new budget line will have
A) a positive slope.
B) the same slope.
C) a steeper slope.
D) a flatter slope.
B
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If there's an increase in the future marginal product of capital in a large open economy, it causes the current account to ________ and saving to ________
A) fall; rise B) rise; remain unchanged C) fall; remain unchanged D) rise; rise
Profit is maximized at the rate of output where marginal revenue exceeds marginal cost by the greatest amount
Indicate whether the statement is true or false
In the situation shown by this graph, what will be the most likely result of the fiscal policy on employment?
a. The unemployment rate will fall.
b. The unemployment rate will rise.
c. The unemployment rate will remain unchanged.
d. The unemployment rate will move unpredictably.
Unlike perfect price discrimination, group price discrimination does NOT require
A) firms to have market power. B) the ability to distinguish between groups with different reservation prices. C) the ability to limit or prevent resale. D) None of the above.