The seller side of the market is known as the:
A. supply side.
B. income side.
C. demand side.
D. seller side.
Answer: A
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Which of the following will decrease the price needed to break even?
a. A decrease in overall fixed but avoidable costs b. A decrease in the marginal costs c. An increase in sunk costs d. Both A&B
Which of the following is not a limitation to monetary policy? a. The fact that fiscal policy is sometimes at odds with monetary
b. The world has become global in all markets including financial markets, and the Fed does not have control over international banks or non-member banks. c. Because the Federal Reserve System is made up of twelve branches, it is essentially very difficult to get a decision enacted by the Board of Governors. d. Monetary policy has to be carried out through the commercial banking system.
Depreciation of the Japanese Yen would lead to
a. outward shift in the aggregate supply curve for Japan. b. upward shift in the aggregate demand curve for Japan. c. downward shift in the aggregate supply curve for Japan. d. inward shift in the aggregate demand curve for Japan.
Supply is determined by how much suppliers are willing and able to produce.
Answer the following statement true (T) or false (F)