In the above figure, if the firm is producing Q2 units at a price P2, it should

A) increase output and decrease price.
B) decrease output and increase price.
C) not change output or price.
D) shut down.


C

Economics

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If the real exchange rate rises 4%, domestic inflation is 2%, and foreign inflation is 0%, what is the percent change in the nominal exchange rate?

A) 6% B) 4% C) 2% D) 0%

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The existence of the underground economy causes gross domestic product (GDP) statistics to _____

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