Assume that the economy is presently in equilibrium. A decline in the interest rate
a. increases planned investment, aggregate demand, and equilibrium income.
b. increases unplanned investment, reducing aggregate demand and equilibrium income.
c. increases unplanned investment, increasing aggregate demand and equilibrium income.
d. increases money demand, the money supply, aggregate demand, and equilibrium income.
A
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The MRP curve for a monopolist in the product market is
A) the same as the MRP curve for a perfectly competitive firm in the product market. B) to the left and below the MRP curve for a perfectly competitive firm in the product market. C) to the right and above the MRP curve for a perfectly competitive firm in the product market. D) upward sloping and below the MFC curve for a perfectly competitive firm in the product market.
The monopolist is always constrained by:
A. government regulation. B. his production capacity. C. the barriers to entry. D. the amount demanders are willing to buy at any given price.
Which of the following contributed to the collapse of the Bretton Woods system?
a. chronic U.S. trade surpluses b. fixed exchange rates c. an insufficient gold supply d. West Germany's allowing the dollar to float against the mark e. West Germany's not wanting the dollar to appreciate
What is the difference between seasonal unemployment and structural unemployment?
What will be an ideal response?