How much is the multiplier?
1000/750 = 1.33
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A temporary increase in the price of oil would
A) increase both short-run and long-run aggregate supply. B) decrease both short-run and long-run aggregate supply. C) increase short-run aggregate supply and decrease long-run aggregate supply. D) decrease short-run aggregate supply and leave long-run aggregate supply unchanged.
Which of the following best describes the situation likely to unfold after a new manufacturing firm enters an oligopolistic market?
a. The new firm is initially hampered by economies of scale. b. The new firm initially has low costs of production that increase over time. c. The new firm has high sales during its early years followed by a sales decline. d. The new firm is initially very profitable.
Use the figure below to answer the following question.
What is the amount of producer surplus after the government imposes the excise tax on the market?
A. $32 B. $7 C. $9 D. $40
Currency appreciation should reduce net exports and, therefore, decrease aggregate demand.
Answer the following statement true (T) or false (F)