In the short run, an unanticipated shift to a more expansionary monetary policy is most likely to result in
a. an increase in short-term interest rates.
b. a reduction in aggregate demand.
c. a reduction in the inflation rate.
d. an increase in employment.
D
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The following table shows cost data for a perfectly competitive firm.OutputAverage Fixed CostAverage Variable CostAverage Total CostMarginal Cost1$300$100$400$1002150752255031007017060475731488256080140108650901401407431031461828381191572349331381712831030160190361If the product price is $283, the per-unit economic profit at the profit-maximizing output is
A. $152. B. $76. C. $0. D. $112.
Use the figure above to answer this question. Consider a perfectly competitive market experiencing good times
Figure ________ shows a firm maximizing profit in the short run because it produces ________ units and makes an economic profit of ________. A) A; 100; $2 per unit B) A; 90; $3 per unit C) B; 100; $0 per unit D) C; 100; $3 per unit E) C; 110; $2 per unit
Refer to Figure 13-4. Given the economy is at point A in year 1, what is the difference between the actual growth rate in GDP in year 2 and the potential growth rate in GDP in year 2?
A) 0.3% B) 1.1% C) 2.7% D) 3.7%
If the price of Pepsi-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then, according to the midpoint formula, the value of price elasticity of demand for Pepsi-Cola is
a. -0.5 b. -0.25 c. -1 d. -3 e. -2