A curve that depicts the relationship between price and quantity demanded is the:
a. supply curve. b. supply schedule.
c. demand curve. d. equilibrium price.
c
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Refer to the figure above. What is the total cost of the firm when it produces the profit-maximizing level of output?
A) $60 B) $120 C) $180 D) $240
If purchasing-power parity holds, when a country's central bank decreases the money supply, its
a. price level rises and its currency appreciates relative to other currencies in the world. b. price level falls and its currency appreciates relative to other currencies in the world. c. price level rises and its currency depreciates relative to other currencies in the world. d. price level falls and its currency depreciates relative to other currencies in the world.
Whenever the expected inflation rate is positive
A) the real interest rate is greater than the nominal interest rate. B) the real interest rate is negative. C) the real interest rate is positive. D) the nominal interest rate must be equal to the real interest rate. E) none of the above
During 2016, Tony's assets equal $200,000 and his liabilities are $250,000. Tony's net worth is
A. -$50,000. B. $50,000. C. $300,000. D. $550,000.