The aggregate supply curve is depicted as vertical in the simple quantity theory of money
Indicate whether the statement is true or false
True
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Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.75 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 2?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 32,000
B) 36,000
C) 32,500
D) 27,000
For this question, assume that a country experiences a permanent increase in its saving rate. Which of the following will occur as a result of this increase in the saving rate?
A) a permanently faster growth rate of output B) a permanently higher level of output per capita C) a permanently higher level of capital per worker D) all of the above E) both B and C.
________ sell shares to investors and use the money to buy short-term securities
A) Mortgage-backed securities dealers B) Hedge funds C) Shadow banks D) Money market mutual funds
When a central bank intervenes in the ________, their intention is to ________
A) spot market; convey a clear signal to the markets B) futures market, hide its actions from the markets C) forward market, hide its actions from the markets D) swap markets, convey a clear signal to the markets