Investment is lowered by expansionary monetary policy
a. True
b. False
Indicate whether the statement is true or false
False
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If MUx/Px > MUy/Pyx, the consumer can increase utility by buying more of good x
a. True b. False
Using Figure 1 below, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P1 and Y2.
B. P3 and Y1.
C. P2 and Y3.
D. P2 and Y1.
What would the Herfindahl-Hirschman Index equal for an industry consisting of six firms with market shares of 5%, 10%, 15%, 20%, 25%, and 25%?
a. 100 b. 1,350 c. 1,375 d. 2,000
The workers per retiree ratio
A. had been above 16 prior to 1950 and is now around 1. B. had been above 16 prior to 1950 and is now around 10. C. had been above 16 prior to 1950 and is now around 20. D. had been above 16 prior to 1950 and is now around 3.