A high inflation rate will
A) harm those who have saved while helping those who have borrowed.
B) harm those who have borrowed while helping those who have saved.
C) harm those who have saved and those who have borrowed.
D) benefit those who have saved and those who have borrowed.
A
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Use the figure below to answer the following question. The equilibrium point in the market is the point at which the S and D curves intersect.
Assuming equilibrium price P1, consumer surplus is represented by areas
A. a + c. B. a + b + c + d. C. c + d. D. a + b.
If a measure of real GDP could include the value of leisure time, measured real GDP would increase
Indicate whether the statement is true or false
The use of foreign exchange reserves to keep exchange rates constant over time is called
A) a fixed exchange rate system. B) the Bretton Woods system. C) a fiscal fix. D) a floating exchange rate system.
Assume a monopolist's marginal cost and marginal revenue curves intersect and the demand curve passes above its average total cost curve. The firm will:
a. make an economic profit. b. stay in operation in the short run, but shut down in the long run. c. shut down in the short run. d. lower the price.