Demand-pull inflation occurs when the factor contributing most to rising prices is decreased demand for goods and services
Indicate whether the statement is true or false
F
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Assume that the M1 multiplier is 2.5. If the Federal Reserve purchases $200 worth of government securities, the money supply will
A) rise by $200. B) rise by $500. C) fall by $200. D) fall by $500.
Quickie Inc, a perfectly competitive firm, currently maximizes profit by producing 400 units of output. If its marginal cost is equal to $25 and its average total cost is $20, then how much is it earning in economic profit?
a. Economic profit is always equal to zero in perfect competition. b. $10,000 c. $8,000 d. $2,000 e. $4,000
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.
When supply is fixed, price is supply determined.
Answer the following statement true (T) or false (F)