Which of the following conclusions is not supported by the Three-Sector-Model?
a. A higher GDP Price Index in a nation increases the ability and willingness of domestic businesses to supply goods and services, but it decreases consumers' willingness and ability to buy them.
b. An increase in the supply of a nation's currency in the foreign exchange market lowers its international value.
c. An increase in nation's demand for goods and services within the Keynesian range is often accompanied by a strong rise in the consumer price index.
d. A decrease in nation's demand for goods and services within the Intermediate range usually leads to higher employment.
.C
You might also like to view...
Ten cases of spring water are sold for $6 each, and the marginal product of the last unit of labor is 5 . If the price of a case increases from $6 to $8, then the marginal revenue product of the last unit of labor would
a. decrease by $10 b. increase by $40 c. decrease by $30 d. increase by $10 e. not change
The total variable cost associated with the production of 5 units of output is
Use the following table to answer the next question.
| Output | Total Cost |
| 0 | $10 |
| 1 | 20 |
| 2 | 28 |
| 3 | 38 |
| 4 | 53 |
| 5 | 73 |
| 6 | 98 |
The total variable cost associated with the production of 5 units of output is
Suppose there is a high inequality in household income between the highest and the lowest income groups in one country. In response, the government raises the income tax for the highest income group and provides subsidies to the lowest-income group. What
would happen to the Lorenz curve as a result of the government programs? Explain. What will be an ideal response?
What is the price of a TV in an open economy without a quota?
A. $125 B. $75 C. $100 D. $150