The planning horizon refers to the short run, when the firm must plan how much of a variable input to apply to a fixed input
a. True
b. False
Indicate whether the statement is true or false
False
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The Japanese real interest rate declines relative to the German real interest rate. German net exports ________ and the German exchange rate ________
A) increase; rises B) increase; falls C) decrease; rises D) decrease; falls
If the average tax rate exceeds the marginal tax rate, the tax would be
A. proportional. B. regressive. C. progressive. D. uniform.
What are the components of the aggregate demand (AD) curve?
What will be an ideal response?
Which of the following sayings describes the concept of diminishing marginal utility?
a. time is money b. penny wise and pound foolish c. absence makes the heart grow fonder d. a penny saved is a penny earned e. a fool and his money are soon parted