Which of the following is a consequence of low income??
What will be an ideal response?
?Less savings and less investment
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Refer to Figure 12-5. What is the minimum price the firm requires to produce output?
A) $20 B) $14 C) $5 D) It cannot be determined
Do you agree that currency depreciation will lead to an increase in the debt burden of the companies that borrow in foreign currency? Explain with an example
Which of the following would cause prices to fall and output to rise in the short run?
a. short-run aggregate supply shifts right b. short-run aggregate supply shifts left c. aggregate demand shifts right d. aggregate demand shifts left
Picture the production possibilities curve shifting out, year after year, but the shifts are not necessarily the same. This picture is at the heart of the _______ explanation of the twists, turns, and spurts of economic growth
a. market theorists b. housing cycle c. innovations cycle theorists d. real business cycle theorists e. internal cycle theorists