"Bad news" about an expenditure-related indicator means that
A) it is lower than its previous value.
B) it is lower that it was expected to be.
C) it is higher than it was expected to be.
D) it rose more slowly than the rate of inflation.
B
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If an oligopoly market is contestable and new firms enter, the
A. Number of firms in the industry will decrease. B. Market power of the former oligopolists will be reduced. C. Profitability of the industry will increase. D. Former oligopolists will raise their prices.
Exchange rates that are allowed to fluctuate in response to changes in supply and demand is known as
A. fixed exchange rates. B. standard drawing rights. C. the foreign exchange markets. D. flexible exchange rates.
Everything else held constant, if consumption expenditure increases by 65 for a 100 increase in disposable income, the mpc is
A) 0. B) 0.5. C) 0.65. D) 1.
A decline in Tobin's q can be caused by ________
A) a rise in the market value of a firm B) an increase in stock prices C) a decline in stock prices D) a decline in the replacement cost of capital