An appreciation is
A) a decrease in the trade deficit. B) a decrease in the value of currency.
C) an increase in the trade surplus. D) an increase in the value of currency.
D
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As compared to the basic Nash-Cournot equilibrium for duopolists where the firms face the same market demand curve and have identical costs, in the situation where the firms produce products which are viewed by consumers as not being identical,
A) there will generally be different prices charged by the two firms. B) there will generally be different quantities produced by the two firms. C) one or both of the firms may practice spurious differentiation. D) All of the above.
Measuring the national income accounts can NOT be helpful in explaining things like:
A. rates of return on a firm's capital. B. economic booms. C. unemployment rates. D. rates of inflation
What are the effects of migration on the real wages and output of a low-wage nation and a high-wage nation? What are the simplifications used to analyze these effects?
What will be an ideal response?
Which of the following is NOT associated with the new Keynesian economics?
A) small-menu cost theory B) market-clearing models to explain business cycles C) inflation dynamics D) sticky-price theories of real GDP determination