In which case can we be sure that real GDP and the price level rise in the short run?
a. foreign economies expand and taxes increase.
b. foreign economies expand and taxes decrease.
c. foreign economies contract and taxes decrease.
d. foreign economies contract and taxes increase.
b
You might also like to view...
The more successful a seller is in inducing buyers to pay the maximum price they would be willing to pay rather than do without the good, the
A) closer will the seller's marginal revenue curve come to the demand curve. B) greater will be the demand for the good. C) more elastic will be the demand for the good. D) more inelastic will be the demand for the good.
If Greece chose to abandon the euro and the Greek government decided to exchange euro bank deposits for drachmas, the affected bank depositors would experience gains if the
A) euro then appreciated. B) euro then depreciated. C) drachma then appreciated. D) drachma then depreciated.
Opportunity cost cannot be measured in money terms, only in conceptual terms
a. True b. False Indicate whether the statement is true or false
A firm could be guilty of antitrust violations using the judgment by structure criteria despite:
A. controlling only 10 percent of the market. B. restraining trade through cartels. C. pricing goods above the competitive price. D. producing the best product it could at the lowest possible cost.