Refer to the below demand graph for a farm product. Which of the following will cause the largest increase in total revenue for farmers?
A. A decrease in the price from PA to PC
B. A decrease in the price from PB to PC
C. An increase in the price from PC to PA
D. An increase in the price from PC to PB
C. An increase in the price from PC to PA
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The aggregate supply curve slopes ________ because a ________ in the price level brings a ________ in the real wage rate
A) upward; rise; rise B) downward; fall; rise C) upward; rise; fall D) upward; fall; fall E) downward; rise; rise
Which of the following is not a factor which would be relevant to country risk analysis?
A) political uncertainty B) external debt C) economic growth D) none of the above.
Some bank regulation limits the types of assets that banks may own. The intent of this regulation is to
a. protect banks from competition. b. provide banks with a minimum level of profits. c. limit the level of bank profits. d. maintain bank safety. e. All of the above are correct.
Sam wins a Mega Millions jackpot worth $3 million. Which of the following is most likely true of Sam's consumption function? a. His consumption function will be flatter
b. His consumption function will be steeper. c. His consumption function will shift upward. d. His consumption function will shift downward.