For years, Intel was able to charge a higher price for microchips because:
a. it had a higher quality product than its rivals.
b. it spent less on advertising than its rivals.
c. consumers knew that Intel had the best employees.
d. Intel relied more on foreign labor.
e. of its successful product differentiation.
e
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Drive with Us is an automobile retailer and pays floor plan financing to finance the cars they hold in inventory. If the interest rate on their floor plan financing increases from 4 to 5 percent, Drive with Us's expected marginal cost from holding additional cars in inventory will shift ________ and the profit-maximizing number of cars to hold in inventory will ________.
A) downward; increase B) upward; increase C) upward; decrease D) downward; decrease
A reduction in the minimum required reserve ratio will reduce the money multiplier.
Answer the following statement true (T) or false (F)
Refer to the above graph, which shows an aggregate demand curve for a hypothetical economy. If the price level is 150, the quantity of real GDP demanded is:
A. $500 billion. B. $800 billion. C. $600 billion. D. $700 billion.
An activist policy to promote high employment ________
A) could lead to inflationary pressures from an ensuing temporary negative supply shock B) might incentivize workers to push for higher wages beyond what productivity gains can justify C) could lead to inflationary pressures from an ensuing increase in aggregate demand D) all of the above E) none of the above