A price support set above the equilibrium price does which of the following?
i. decreases producer surplus
ii. decreases consumer surplus
iii. decreases the marginal cost of the last unit produced
A) i and ii
B) i and iii
C) ii and iii
D) i, ii, and iii
E) ii only
E
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If this is a closed economy, the price of a TV will be ________.
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How did the vulnerabilities in Asian economies lead to the Asian financial crisis of 1997-1998
What will be an ideal response?
In the long run, an increase in the quantity of money leads to
A) a smaller percentage increase in the real interest rate. B) a smaller percentage increase in the price level. C) an equal percentage increase in the price level. D) no effect on the price level or on real GDP. E) an equal percentage increase in the real interest rate.