Currency appreciation will decrease net exports
Indicate whether the statement is true or false
TRUE
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Which of the following is likely to happen when the interest rate falls?
A) The volume of economic activity will reduce. B) The labor demand curve will shift to the left. C) Equilibrium wage rate will fall. D) The labor demand curve will shift to the right.
Which of the following rises during recessions?
a. layoffs and consumer spending b. layoffs but not consumer spending c. consumer spending but not layoffs d. neither layoffs nor consumer spending
The same factors that lead to a change in quantity demanded also cause a change in demand.
a. true b. false
When a perfectly competitive firm is in long-run equilibrium, economic profits
A. are zero. B. are negative. C. are positive. D. may be positive, zero or negative depending upon costs.