Nominal net farm income ________ dramatically during the 2007-2009 great recession
Fill in the blank(s) with correct word
Increased
Economics
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What is the real-balance effect of an increase in the price level?
What will be an ideal response?
Economics
The above figure shows the isoquants for producing steel. Constant returns to scale are
A) present when producing less than 10,000 tons. B) present when producing between 10,000 and 20,000 tons. C) present when producing more than 20,000 tons. D) never present.
Economics
The real rate of interest equals 5% and the expected rate of inflation equals 2%. The nominal rate of interest equals
A) 2%. B) 3%. C) 5%. D) 7%.
Economics
Suppose a firm has the following total cost function TC = 100 + 2q2. If price equals $20, what is the firm's output decision? What are its short-run profits?
What will be an ideal response?
Economics