If you purchased shares of common stock in 1990 for $1,000 and sold them for $2,000 in 2001 you would be liable for taxes on
A. $2,000.
B. $1,000 less the rate of inflation.
C. $1,000.
D. $2,000 less the rate of inflation.
Answer: C
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Refer to the table above. If a trade deficit of $23,000 occurs in the next year, ________, all other variables remaining unchanged
A) gross domestic product will increase to $531,000 B) gross domestic product will fall to $325,000 C) gross domestic product will increase by $2,000 D) gross domestic product will fall by $2,000
If the U.S. interest rate rises relative to the interest rate in other countries, then the supply of dollars ________ and the demand for dollars ________
A) does not change; does not change B) decreases; increases C) decreases; decreases D) increases; decreases E) increases; increases
In the basic closed-economy ISLM model, the money demand is a function of
A) output. B) money supply. C) interest rates. D) both A and C.
In a perfectly competitive market, what would you expect to happen to the number of firms and firm profitability in the short run and long run if demand for the product rises?
What will be an ideal response?