Investment in social overhead capital refers to investment in areas like power plants and road construction.
Answer the following statement true (T) or false (F)
True
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Under a flexible exchange rate system, one factor that does NOT directly affect rates of exchange is
A) changes in the inflation rate in each country.
B) changes in productivity in each country.
C) changes in gold holdings in each country.
D) changes in economic stability in each country.
A payoff matrix shows:
A. the demand curve facing a firm when there are only two firms. B. the payoff to being a perfectly competitive firm. C. the payoffs for each possible combination of strategies. D. the payoff to being a monopolist.
In this graph, what does point A show?
a. the average total cost at the equilibrium quantity
b. the average total cost at zero quantity
c. the demand at the equilibrium quantity
d. the demand at zero quantity
In the graph showing an increase in aggregate demand, a drop of 3 percentage points in unemployment corresponds with ______.
a. a decrease in aggregate demand
b. a price level increase of 4
c. an increase in RGDP of $4 trillion
d. a decrease in RGDP of $19 trillion