Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2.
B. P2 and Y1.
C. P3 and Y1.
D. P3 and Y2.
Answer: D
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Refer to Figure 4.1. A Nash equilibrium can be found at
A) (Up; Top; Left) B) (Up; Top; Right) C) (Down; Bottom; Right) D) There is no Nash equilibrium.
A defendant believes there is a 70 percent chance that the plaintiff will win $800,000 and a 30 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 90 percent chance that they will win $800,000 and a 10 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $300,000 and the defendant's litigation
cost is $200,000. What is the defendant's expected loss from the litigation? A) $550,000 B) $660,000 C) $420,000 D) $760,000
Fixing the insolvency problem caused by the Great Recession meant:
a. Rapidly increasing the U.S. money supply. b. Relieving financial institutions of toxic assets and injecting new equity into them. c.Changing banking rules so there was more financial competition. d. Opening long-term financing sources, which would allow banks, companies, and the government to fund long-term needs, such as new branches, plants, and infrastructure (e.g., bridges and dams) needs.
When you purchase a share of stock, you are
A) borrowing funds from the corporation. B) lending funds to the corporation. C) selling an ownership right in the corporation. D) acquiring an ownership right in the corporation. E) b and d