Expansionary fiscal policy should raise the exchange rate of the dollar
Indicate whether the statement is true or false
TRUE
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A firm selling in a price-takers' market
A) can reduce its price without thereby lowering its marginal revenue. B) can reduce its price without thereby lowering its total revenue. C) faces a perfectly elastic demand curve. D) has marginal costs equal to marginal revenue at all levels of output.
The above table shows the distribution of wealth and income for Miseria. What percent of the wealth is owned by the wealthiest twenty percent of the population?
A) 0 percent B) 2 percent C) 5 percent D) 83 percent
If prices are sticky:
A. economic activity will be coordinated efficiently. B. economic activity will not be coordinated efficiently. C. prices will quickly adjust to changes in demand. D. quantity supplied will always equal quantity demand.
Discuss three major points about what gives money its value.
What will be an ideal response?