Between the trough and the peak of a business cycle the economy...
What will be an ideal response?
is in an economic expansion
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Which of the following statements is the MOST accurate? In general
A) the monetary approach to the exchange rate is a long run theory. B) the monetary approach to the exchange rate is a short run theory. C) the monetary approach to the exchange rate is both a short and long run theory. D) the monetary approach to the exchange rate neither long run nor short run theory. E) the monetary approach to the exchange rate is considered less practical than the law of one price.
Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of Qd = 200 - 100P, where P is the per-minute price in dollars and Q is the number of wireless minutes. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.25 per minute and the largest fixed fee that it can, what is Always There's total profit?
A. $30,625 B. $39,375 C. $40,000 D. $35,000
Which of the following best describes the population and production/consumption of North America and the European Union?
a. North American and the European Union have about 70% of the world’s population and their combined economic statistics show that they produce and consume about 16% of the world’s GDP. b. North American and the European Union have about 80% of the world’s population and their combined economic statistics show that they produce and consume about 70% of the world’s GDP. c. North American and the European Union have about 16% of the world’s population and their combined economic statistics show that they produce and consume about 16% of the world’s GDP. d. North American and the European Union have about 9% of the world’s population and their combined economic statistics show that they produce and consume about 70% of the world’s GDP.
What is the percentage of income received by the upper quintiles on line K?
