Which of the following factors will shift AS1 to AS3?
Refer to the graph above.
A. An increase in productivity
B. An increase in input prices
C. A decrease in business taxes
D. A decrease in household indebtedness
B. An increase in input prices
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When it takes more euros to purchase a dollar, the dollars is said to have:
A) depreciated B) appreciated C) it depends on whether one is using direct or indirect quotations D) it depends on whether one is considering cross rates or exchange rates
Suppose the Good Food supermarket increases the price of a pound of bananas from $.75 to $1.25 and finds that the quantity of bananas it sells per month drops from 1,500 to 1,000 . The price elasticity of demand coefficient for bananas in this price range is:
a. 0.80 b. 3.00. c. 2.00 d. 0.50.
In an oligopoly, which strategy - collusion or competition - resembles the choice of remaining silent in a prisoners' dilemma? Why?
Comparisons of the link between the growth of the money supply and inflation indicate that
a. countries with high rates of monetary growth also experience high inflation. b. countries with high rates of monetary growth experience low inflation. c. monetary growth rates and inflation are unrelated. d. inflation is primarily the result of restrictive monetary policy.