In the Keynesian model in the long run, an increase in the money supply will cause
A) an increase in output and a decrease in the real interest rate.
B) a decrease in the real interest rate but no change in output.
C) an increase in the real interest rate and an increase in output.
D) no change in either the real interest rate or output.
D
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Second-degree price discrimination allows firms to do all of the following except which one?
A) sell more units B) earn less profit compared to charging the profit-maximizing price for all units C) receive a higher price of the first units sold D) change some of the consumer surplus into profit
If the dollar appreciates relative to the yen, we would expect:
a. that the Japanese trade surplus with the United States would increase. b. that Japanese imports from the United States would decrease c. that Japanese exports to the United States would decrease. d. both (a) and (b)
A non-collusive duopoly is an example of: a. a prisoner's dilemma. b. a zero-sum game
c. a dominant strategy. d. a redundant strategy.
The price of a good always changes when
A) either a shortage or a surplus occurs. B) quantity demanded and quantity supplied are constant. C) there is an increase in demand and an increase in supply. D) there is a decrease in demand and a decrease in supply.