An increase in
A) nominal output raises the interest rate while a fall in real output lowers the interest rate, given the price level and the money supply.
B) real output decreases the interest rate while a fall in real output increases the interest rate, given the price level.
C) real output raises the interest rate while a fall in real output lowers the interest rate, given the money supply.
D) nominal output raises the interest rate while a fall in real output lowers the interest rate, given the price level.
E) real output raises the interest rate while a fall in real output lowers the interest rate, given the price level and the money supply.
E
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Tammy sells woolen hats in a perfectly competitive market. The marginal cost of producing 1 hat is $24. The marginal cost of producing a second hat is $26 and the marginal cost of producing a third hat is $28. The market price of a hat is $26
To maximize profit, Tammy produces ________ per day. A) 1 hat B) 3 hats C) 2 hats D) as many hats as possible
Do the assumptions of the perfectly competitive model describe all real-world markets? Explain
What will be an ideal response?
Which country has the highest level of income inequality?
a. Brazil b. Russia c. China d. India
Countries with high real GDP tend to have ________ infant mortality rates and ________ literacy rates than countries with low real GDP.
A. lower; higher B. higher; higher C. higher; lower D. lower; lower