If you are participating in an open outcry English auction, you will win if ________
A) you place a bid before the other bidders
B) you place the highest bid
C) you pay a fee to place a bid
D) you place the second-highest bid
B
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
Exhibit 3-8 Demand and Supply Data for Video Games ? Price Quantity Demanded of Video Games Quantity Supplied of Video Games $75 400 900 70 450 850 65 500 800 60 550 750 55 600 700 50 650 650 45 700 600 40 750 550 ? In Exhibit 3-8, the equilibrium market price in this video game market would be:
A. $65 B. $60 C. $55 D. $50
Consider the production possibilities frontier displayed in the figure shown. A society faced with this curve currently:
A. can only obtain point C. B. cannot obtain point C. C. cannot - obtain point B. D. can only obtain point D or point A.
Ceteris paribus, in the short run following a decrease in the rate of growth in aggregate demand, we would expect to see an increase in the rate of unemployment and a decrease in the rate of inflation
Indicate whether the statement is true or false