In the above figure, the marginal cost curve is curve
A) A.
B) B.
C) C.
D) D.
A
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Without an accepted medium of exchange
A) people would have to rely on gold or silver in order to exchange goods and services. B) goods and services would be exchanged by barter. C) prices are very difficult to determine. D) there would be no trade.
Refer to the above figure. Unexpected expansionary monetary policy has caused the aggregate demand curve to shift to AD2. In the short run
A. the unemployment rate will be smaller than the rate before the expansionary monetary policy. B. the unemployment rate will be the same rate as before the expansionary monetary policy. C. the unemployment rate can increase or decrease depending upon how much the LRAS will shift. D. the unemployment rate will be larger than the rate before the expansionary monetary policy.
During 1993-1994, Democratic Republic of Congo has experienced an inflation rate of more than 69 thousand % per year. This economic condition would best be described as:
What will be an ideal response?
In practice, it is difficult to integrate the concept of vertical equity into the tax code although it is widely agreed that high-income individuals should pay more
a. True b. False