It is correct to say that individuals _____ preferences and groups _____ preferences
a. have; have
b. do not have; have
c. do not have; do not have
d. have; do no have
d
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Using the quantity theory of money, in the long run a 3 percent increase in the quantity of money leads to a 3 percent
A) increase in real GDP. B) decrease in the price level. C) increase in the price level. D) decrease in the real interest rate. E) increase in the real interest rate.
If price is regulated in a 2-firm oligopoly modeled along the Hotelling line, firms will compete by differentiating their products.
Answer the following statement true (T) or false (F)
How large was the estimated U.S. fiscal imbalance in 2014 and how did it divide between current and future generations?
What will be an ideal response?
A change in which of the following causes a shift in the IS curve?
A) autonomous investment B) autonomous net exports C) taxes D) all of the above E) none of the above