Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2.
B. P3 and Y1.
C. P2 and Y2.
D. P2 and Y3.
Answer: D
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Which of the following statements is true?
A) An individual with property rights is likely to have lower productivity than an individual without property rights. B) Inclusive institutions do not support the provision of property rights to society and hence foster economic prosperity. C) Productivity of individuals is likely to be independent of the availability of property rights. D) An individual with property rights is likely to have higher productivity than an individual without property rights.
If prices in Mexico rise at a higher rate than prices in the U.S., then according to purchasing-power parity the U.S. nominal exchange rate with Mexico should rise
a. True b. False Indicate whether the statement is true or false
If R2ur = 0.6873, R2r = 0.5377, number of restrictions = 3, and n- k- 1 = 229, F statistic equals:
A. 21.2 B. 28.6 C. 36.5 D. 42.1
The characteristics that money should have include:
A. portability, durability, and flexibility. B. durability, flexibility and stability. C. durability, portability, and non-homogeneity. D. scarcity, portability, and divisibility.