A competitive firm's supply curve is determined by
a. its marginal costs.
b. the market price.
c. the zero-profit condition.
d. its fixed inputs.
a. its marginal costs.
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What separates a sterilized foreign exchange market intervention from an unsterilized intervention?
What will be an ideal response?
Bundle J contains 10 units of good X and 5 units of good Y. Bundle K contains 5 units of good X and 10 units of good Y. Bundle L contains 10 units of good X and 10 units of good Y. Assume that the consumer's preferences satisfy the four properties of indifference curves. The price of X is $1, the price of Y is $2, and the consumer has an income of $20 . Which bundle will the consumer choose?
a. bundle J b. bundle K c. bundle L d. either bundle J or bundle K
Without automatic stabilizers
A. real GDP would fluctuate much more widely. B. real GDP would not be affected. C. the budget would be in balance during a time of recession. D. the real GDP would fluctuate less widely.
The American Recovery and Reinvestment Act of 2009 was implemented primarily to:
A. reduce inflationary pressure caused by oil price increases. B. curb the overspending by households that contributed to the Great Recession. C. bring the federal budget back into balance. D. stimulate aggregate demand and employment.