Figure36-8
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Which of the graphs in Figure 36-8 illustrates the AD–AS shifts associated with an expansionary monetary policy?
A. 1
B. 2
C. 3
D. 4
Answer: C
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The table above lists the market shares of the twenty makers of personal computers. Based upon the Herfindahl-Hirschman Index for this industry, the Justice Department would
A) regard the industry as highly concentrated. B) be against any two firms merging. C) consider the market oligopolistic. D) regard the industry as competitive.
Welding has changed dramatically over the last decade with more welding jobs dependent on the use of computers
This change increased the demand for welders with computer skills and decreased the demand for welders who lack these skills and is an example of when technology is a ________ to a high-skilled job and a ________ to a low-skilled job. A) complement; substitute B) complement; complement C) substitute; complement D) substitute; substitute
Which one of the following expressions is the MOST accurate?
A) CA = EX - IM B) CA = IM - EX C) CA = EX = IM D) CA = EX + IM E) CA - IM = EX
A basic difference between a capital good and an intermediate good is that an intermediate good is used up or transformed in the production process while a capital good is not.
a. true b. false