Either a cut in business taxes or an increase in real interest rates would increase investment and aggregate demand, other things equal
a. True
b. False
Indicate whether the statement is true or false
False
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In the United States, currency in circulation is the largest component of the M1 money supply
a. True b. False Indicate whether the statement is true or false
The gains from specialization and trade are based on absolute advantage
a. True b. False Indicate whether the statement is true or false
Which of the following macroeconomic variables is acyclical?
A. Money supply B. Real interest rates C. Consumption D. Unemployment
If a monopolistically competitive seller's marginal cost is $3.56, the firm will increase its output if
A) its marginal revenue is less than $3.56. B) its marginal revenue is equal to $3.56. C) its marginal revenue is more than $3.56. D) average total cost is less than $3.56. E) Both answers A and D are correct.