Other things being equal, if input prices rise in a country, then there would be
A) cost-push inflation.
B) demand-pull inflation.
C) cost-push deflation.
D) more production and a lower price level.
A
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For a monopoly, when marginal revenue is zero:
A. profits are maximized. B. total revenue is maximized. C. marginal revenue is minimized. D. marginal costs are minimized.
A limit on the dollar worth of oranges imported into the United States is an example of a quantity quota
a. True b. False Indicate whether the statement is true or false
The new classical view argues that an increase in government debt will cause people to
a. increase their current saving so they will be better able to pay the higher future taxes implied by the increase in the debt. b. increase their current consumption since the substitution of debt for taxes makes them wealthier. c. shift their savings to foreign banks where they will be more secure. d. do all of the above.
Contractionary fiscal policy in the United States reduces domestic income, prices, and interest rates, so the exchange rate will decrease.
Answer the following statement true (T) or false (F)