If Dylan saves $50 per week, then Dylan's ________ will increase by $50 per week.
A. consumption
B. taxes
C. wealth
D. investment
Answer: C
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There is no evidence that odd pricing succeeds in convincing consumers that prices are lower than they really are
Indicate whether the statement is true or false
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. If the economy is at ppf2, a change in consumer taste would be shown by a
A. movement along ppf1. B. movement along ppf2. C. shift from ppf2 to ppf1. D. shift from ppf1 to ppf2.
Refer to the above figure. In order to stay open in the short run, this firm must
A) earn a positive profit. B) receive a price equal to or greater than the minimum of its average variable cost. C) receive a price exactly equal to its average total cost. D) recover its fixed cost.