Which of the following is associated with an increase in the average price level?
a. A decrease in the aggregate quantity demanded
b. An increase in the aggregate quantity demanded
c. A leftward shift of the aggregate demand curve
d. A decrease in the aggregate quantity supplied
e. Aggregate quantity demanded remains unchanged but the aggregate expenditures curve shifts leftward.
a
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Which of the following areas of study is included in the field of macroeconomics?
a. electricians’ wage rates b. monopolistic pricing c. price of automobiles d. general price level
The growth rate of real GDP in Astoria is 7.5%. Assume the growth rate of velocity is constant at a rate of 5%
If Astoria wishes to decrease the inflation rate from the annual rate of 5.99% to a target rate of 4.5% and maintain its current growth rate of real GDP, what will the growth rate of the money supply need to be? A) 6.49%. B) 7%. C) 8%. D) 8.49%.
Refer to Scenario 13.16. If Gooi can move first, and Ici wants to realize the ($150, $300 ) payoff,
A) all it has to do is threaten to buy yogurt machines, no matter what Gooi does. B) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $50. C) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $150. D) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $300. E) it has to move before Gooi; there is no other way.
Which of the following is true?
a. Nations achieve high rates of economic growth primarily because of their natural resource endowments. b. Human and physical capital investments are largely irrelevant to economic growth. c. Poor nations grow slowly because they do not have access to modern technology. d. A favorable political environment attracts more investment in human and physical capital.