A surplus in our balance of payments causes the dollar to __________, which causes the surplus to __________
A) appreciate; increase
B) appreciate; decrease
C) depreciate; increase
D) depreciate; decrease
B
Economics
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What is a constant-cost industry? What does the long-run industry supply curve look like for a constant-cost industry?
What will be an ideal response?
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A monopoly has ______ seller(s) in the market.
A. 0 B. 1 C. 3 D. many
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“Those most able should pay the highest taxes” reflects the
A. ability-to-pay principle. B. concept of horizontal equity. C. idea of fiscal federalism. D. benefits principle.
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Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
Economics