A) P > ATC
B) P = ATC
C) P < ATC
D) P < MC
B) P = ATC
C) P < ATC
D) P < MC
In the Mundell-Fleming model, regardless of whether the economy has perfect capital mobility or not, an increase in the money supply
a. reduces interest rates .
b. increases income.
c. decreases the trade balance.
d. increases capital inflows.
B
Economics
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a. True b. False Indicate whether the statement is true or false
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Suppose that the market for product X is characterized by a typical, downward-sloping, linear demand curve and a typical, upward-sloping, linear supply curve. Suppose the price elasticity of supply is 0.7 . Will the deadweight loss from a $3 tax per unit be smaller if the absolute value of the price elasticity of demand is 0.6 or if the absolute value of the price elasticity of demand is 1.5?
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Which will be TRUE for a monopolistic competitor experiencing short-run losses?
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Monica grows coconuts and catches fish. Last year she harvested 1500 coconuts and 600 fish. She values one fish as having a worth of three coconuts. She gave Rachel 300 coconuts and 100 fish for helping her to harvest coconuts and catch fish, all of which were consumed by Rachel. Monica set aside 200 fish to help with next year's harvest. In terms of fish, consumption would equal
A. 700 fish. B. 900 fish. C. 1100 fish. D. 2700 fish.
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