If the price level increases, everything else held constant, the ________ curve shifts to the ________
A) IS; right
B) IS; left
C) LM; left
D) LM; right
C
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If there is excess demand in a market, then this suggests that:
A. the market price is above the equilibrium price. B. there is an opportunity for mutually beneficial trades. C. there is no way to help some people without harming others. D. the market is in equilibrium.
Suppose that your firm wants to import sugarcane from Brazil. The exchange rate is 3 Brazilian reals per U.S. dollar and sugarcane costs 36 reals per ton. How much is a ton of sugarcane in U.S. dollars?
A) $12 B) $39 C) $108 D) $109
According to the information presented in the text the parcel and express delivery industry could best be characterized as:
A) a perfectly competitive market. B) a monopolistically competitive market. C) an oligopoly. D) a monopoly.
Suppose the government lowers unemployment by hiring more government workers. How does it matter whether wages and prices are sticky?
What will be an ideal response?