Refer to Figure 3-4. At a price of $25, how many units will be supplied?
A) 400
B) 500
C) 600
D) 800
D
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To fight a recession, the Fed can
A) raise the federal funds rate by buying securities. B) raise the federal funds rate by selling securities. C) lower the federal funds rate by buying securities. D) lower the federal funds rate by selling securities. E) lower income taxes on interest income.
An decrease in domestic savings
a. decreases foreign borrowing. b. will improve the trade balance. c. will increase exports. d. will increase foreign borrowing.
The effects of foreign competition on the U.S. textile industry would be studied by a microeconomist rather than a macroeconomist
a. True b. False Indicate whether the statement is true or false
Per-unit production cost is:
A. real output divided by inputs. B. total input cost divided by units of output. C. units of output divided by total input cost. D. a determinant of aggregate demand.