Final goods and services refer to ________.
A. goods and services that are unsold and therefore added to inventories
B. goods and services purchased by ultimate users, rather than for resale or further processing
C. goods and services whose value has been adjusted for changes in the price level
D. the excess of U.S. exports over U.S. imports
Answer: B
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If the AD curve shifts rightward, then
A) both the price level and real GDP will decrease. B) both the price level and real GDP will increase. C) the price level will increase, but no change will occur in real GDP. D) the price level will not change, but real GDP will increase. E) potential GDP increases.
Today, the Dow Jones Industrial Average
A. consists of 30 stocks. B. is a set group of stocks that remains constant over time. C. contains stocks that are widely held by institutional investors and individuals. D. contains both stocks and bonds of large American companies. E. a and c
If two markets have the same price elasticity of demand at every price, a monopoly will not practice multimarket price discrimination
What will be an ideal response?
In 2001, the Argentine peso was overvalued relative to the U.S. dollar
a. True b. False Indicate whether the statement is true or false