The principle of monetary neutrality implies that an increase in the money supply will
a. increase real GDP and the price level.
b. increase real GDP, but not the price level.
c. increase the price level, but not real GDP.
d. increase neither the price level nor real GDP.
c
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Which of the following is likely to happen if a German company opens a production unit in New York?
A) U.S.'s GDP will decrease. B) U.S.'s GNP will increase. C) Germany's GNP will increase. D) Germany's GDP will increase.
Complete the following table
Energy Drinks Consumed per Week Price (P) Total Revenue (TR) Average Revenue (AR) Marginal Revenue (MR) 0 $6.00 1 5.50 2 5.00 3 4.50 4 4.00 5 3.50 6 3.00 7 2.50 8 2.00
Given a Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given industry, this industry would have:
a. increasing returns to scale b. constant returns to scale c. decreasing returns to scale d. negative returns to scale e. none of the above
Other things equal, an increase in the Z factors shifts
A. the AS curve to the left. B. the AD curve to the right. C. the AS curve to the right. D. the AD curve to the left.