In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain ________ and firms will continue to raise production
A) below; negative
B) above; negative
C) below; positive
D) above; positive
A
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An international organization formed with the aim of promoting world economic growth through financial stability is called
A) the International Finance Corporation. B) the International Monetary Fund (IMF). C) the International Development Association. D) the World Bank.
Which of the following would NOT cause the demand curve for bonds to shift?
A) a change in wealth B) a change in the price of bonds C) a change in the liquidity of bonds D) a change in expected inflation
A(n) ____ can be used to demonstrate why a competitive oligopoly tends to result in a low-price strategy that does not maximize mutual profits.
A. interdependence index B. gini coefficient C. herfindahl index D. payoff matrix
The marginal utility of good A is 6 and the marginal utility of good B is 18. The price of good A is $2. The price of good B must be ________ if the consumer is optimizing her utility.
A. $5 B. $15 C. $18 D. $6