Higher prices can discourage use/consumption, which in turn may better allocate scarce resources
a. True
b. False
Indicate whether the statement is true or false
True
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The combination of high unemployment and high inflation is termed
a. reflation. b. stagflation. c. depression. d. unflation.
Which type of price discrimination results in the highest profits for firms?
A. First-degree price discrimination B. Second-degree price discrimination C. Third-degree price discrimination D. Regular price discrimination
Everything else equal, a depreciation of the dollar against the yuan:
A) will not affect the quantity of dollars demanded. B) will lead to a decrease in the quantity of dollars demanded. C) will lead to an increase in the quantity of dollars demanded. D) can either lead to an increase or a decrease in the quantity of dollars demanded depending on the magnitude of the depreciation.
In an open economy, the government purchases multiplier will be
A) smaller as the marginal propensity to consume increases. B) smaller as the marginal propensity to import increases. C) larger as the marginal propensity to tax increases. D) larger as the marginal propensity to import increases.