Relative purchasing power parity occurs when
A) purchasing power parity holds between every two countries.
B) purchasing power parity only holds in recessions.
C) the nominal exchange rate is constant.
D) the real exchange rate is constant.
D
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A monopsonist firm faces a negatively sloped marginal factor cost curve
a. True b. False Indicate whether the statement is true or false
Which of the following is an accurate description of the aggregate demand curve?
a. It is the sum of all individual demand curves for all products b. It shows all price levels at which firms' unit costs equal their percent markups. c. It is the curve decided upon by the voters. d. It shows the relationship between firms' unit costs and their percentage markups. e. It shows the equilibrium level of GDP associated with price level.
What effect, if any, does diminishing marginal product have on the shape of the marginal cost curve?
The financial account is the record of a country's international transactions involving purchases or sales of financial and real assets
Indicate whether the statement is true or false