The existence of a kinked demand curve under oligopoly conditions may result in
a. volatile prices
b. competitive pricing.
c. prices above the monopoly price.
d. an increase in the coefficient of variation of prices.
e. stable prices
e
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The total demand for goods and services at a given price level is also known as
A) autonomous consumption. B) the consumption function. C) equilibrium output. D) planned expenditures.
Other things equal, if the government increased the quantity of pollution rights to be sold,
a. pollution would not be affected b. the price of pollution rights would rise, and the amount of pollution would decrease c. the price of pollution rights would fall, and the amount of pollution would decrease d. the price of pollution rights would fall, and the amount of pollution would increase e. the price of pollution rights would rise, and the amount of pollution would increase
The capital account balance is equal to the negative of
A. Unilateral transfers + exports + imports. B. Trade balance + unilateral transfers + net investment income. C. Trade balance + current account balance + services balance. D. Current account balance + exports + unilateral transfers.
A country with strong international ties has:
A. more flexibility in its monetary and fiscal policy. B. less flexibility in its monetary and fiscal policy. C. more flexibility in its exchange rate policy. D. less flexibility in its exchange rate policy.