Use the following table, which shows the supply and demand schedules for the euro, to answer the next question.Quantity of Euros SuppliedPriceQuantity of Euros Demanded400$1.101003601.002003000.903002860.804002670.70500If the U.S. government decides to fix or peg the price of the euro at $1.00, it would have to ________.
A. buy 160 euros
B. sell 160 euros
C. buy 360 euros
D. sell 360 euros
Answer: A
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After calculating net domestic product at factor cost, to calculate GDP using the income approach, in part we must add
A) interest, rent, and profit. B) wages. C) indirect taxes and depreciation. D) net operating surplus. E) subsidies.
Compared to the initial equilibrium, an initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in new long-run equilibrium with
A) a higher price level but the same real GDP. B) a higher price level and an increased level of real GDP. C) the same price level and a lower level of real GDP. D) the same price level and the same real GDP. E) None of the above answers is correct.
What is the marginal product of labor?
What will be an ideal response?
When a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium, marginal cost must lie below average total cost
a. True b. False Indicate whether the statement is true or false