Figure 5-4
Refer to . The inefficient equilibrium price and quantity are
a.
$1.90 and 38 units, respectively.
b.
$1.80 and 35 units, respectively.
c.
$1.60 and 42 units, respectively.
d.
$1.35 and 58 units, respectively.
c
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If the price level increases from 110.0 to 115.0, the quantity of
A) real GDP supplied will increase. B) real GDP supplied will decrease. C) potential GDP will decrease. D) real GDP demanded will increase. E) potential GDP will increase.
What are the five most important variables that shift the market supply curve?
What will be an ideal response?
The expected yield on an asset with two possible outcomes is equal to the
A) difference between the two outcomes. B) sum of the possible outcomes multiplied by their respective probabilities. C) standard deviation of the two outcomes. D) product of the two outcomes.
If velocity remains relatively constant, changes in the money supply can have a predictable effect on nominal GDP.
Answer the following statement true (T) or false (F)