If the price of inputs rises and foreign income rises:
a. Aggregate demand rises, and aggregate supply falls.
b. Aggregate demand rises, but aggregate supply does not change.
c. Aggregate demand falls, and aggregate supply rises.
d. Aggregate demand and aggregate supply rise.
e. Aggregate demand and aggregate supply fall.
.A
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As of December 31, 2010, the assets listed on the balance sheet of Bank A were: $1.5 million in cash reserves, and $6 million in outstanding loans to its customers. Its liabilities totaled $6.5 million in checking deposits. What was the bank's net worth on that date?
a. $1 million b. $4.5 million c. $5 million. d. $14 million. e. Zero
Domestic income has a ________ relationship with net export spending.
A. constant B. positive C. secondary D. negative
A budget deficit will be least inflationary if the aggregate
A. demand curve is very steep. B. demand curve is very flat. C. supply curve is very flat. D. supply curve is very steep.
Consider a market consisting of two firms where the inverse demand curve is given by P = 500 ? 2Q1 ? 2Q2. Each firm has a marginal cost of $50. Based on this information, we can conclude that aggregate profits in the different equilibrium oligopoly models will follow which of the following orderings?
A. ?Collusion > ?Stackelberg > ?Cournot > ?Bertrand B. ?Bertrand > ?Collusion > ?Stackelberg > ?Cournot C. ?Collusion > ?Cournot > ?Stackelberg > ?Bertrand D. None of the answers is correct.