An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock.
B. negative supply side shock.
C. positive demand side shock.
D. positive supply side shock.
Answer: B
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Refer to the figure above. This country has comparative advantage in good
A) S. B) T. C) Y. D) Z.
A company raises funds by selling 5 million shares of common stock to 5,000 shareholders and $1 million bonds to 1,000 bondholders. The number of individuals who vote for the company's board of directors is
A) 6,000. B) 5,000. C) 1,000. D) 5,000,000.
The index used to translate nominal GDP into real GDP is the
a. Consumer Price Index b. Wholesale Price Index c. GDP Price Index d. Producer Price Index e. Manufacturer's Input Price Index
A perfectly competitive firm has a horizontal demand curve because it can sell as much as it wants at the market price
a. True b. False Indicate whether the statement is true or false