The small but non-trivial costs that a firms incurs when changes product prices are also called
A) menu costs.
B) price inertia.
C) sticky costs.
D) sunk costs.
A
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All of the following will cause a shift in the supply of jeans EXCEPT
a. a decrease in the prices of jeans. b. a decrease in the number of jean manufacturers. c. an increase in the cost of producing jeans. d. a per-unit government subsidy on the production of jeans.
Debt service is the amount:
A. of time and energy banks spend creating loans. B. of interest payments that need to be paid over the life of a loan. C. the nation is in debt, expressed as a percent of GDP. D. that consumers have to pay for their debts.
In the classical model, the loanable funds market will clear when saving
a. equals investment plus government purchases minus net taxes b. equals net taxes c. equals investment d. equals investment plus government purchases e. minus taxes equals investment plus government purchases
In the market for euros, if the current exchange rate is below the equilibrium rate,
a. the quantity supplied and the quantity demanded for euros are equal. b. there is an excess supply of euros and the exchange rate will fall. c. there is an excess demand for euros and the exchange rate will rise. d. the exchange rate will neither rise nor fall. e. there is an excess demand for euros and the exchange rate will fall.