The globalized AS/AD curve is the standard AS/AD model with an added:
A. long-run aggregate supply curve.
B. world supply curve.
C. world demand curve.
D. domestic supply curve.
Answer: B
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Use the following figure to answer the next question.
If the initial aggregate demand and supply curves are AD0 and AS0, the equilibrium price level and level of real domestic output will be ________.
A. F and A, respectively B. G and B, respectively C. E and B, respectively D. F and C, respectively
Which of the following statements is true of optimization?
A) Optimization analysis only relates to the financial budget of an economic agent. B) Individuals who optimize do not consider costs when choosing the most feasible alternative. C) Economic agents can optimize only when they are able to perfectly estimate all future costs and benefits. D) Economic agents who optimize attempt to choose the best feasible option, given the information that they have.
Would a corporation seeking to raise capital sell its new shares on the stock market? If not, why not?
A deficit in the overall balance of payments of a nation generally is an indication that
A. the country's monetary authority is selling domestic government bonds. B. the country's monetary authority is buying domestic government bonds. C. the country's monetary authority is buying foreign currency. D. the country's monetary authority is selling foreign currency.