An economic recession in Japan will cause the aggregate demand curve in the United States to shift to the right.
Answer the following statement true (T) or false (F)
False
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The change in the quantity of capital from one period to the next is equal to
A) net investment. B) financial investment. C) gross investment. D) wealth. E) depreciation.
To maximize profits, a perfectly competitive firm should produce where marginal:
A. cost equals marginal revenue. B. revenue exceeds marginal cost. C. cost equals total revenue. D. cost exceeds marginal revenue.
Based on this graph, which of the following shifts would cause the greatest decrease in money supply?
a. a shift from i2 to i1
b. a shift from i1 to i*
c. a shift from i* to i2
d. a shift from i1 to i2
Answer the following statement true (T) or false (F)
1) Although sleeping in on a work day or school day has an opportunity cost, sleeping late on the weekend does not. 2) An economy will always operate at some point on its production possibilities curve. 3) In drawing a particular budget line, money income and the prices of the two products are fixed. 4) The lower the consumer's income, the higher his or her budget line.