In the short run, a decrease in the price level:
a. decreases output prices relative to input prices.
b. increases the profit margins of many producers.
c. decreases RGDP supplied
d. both (a) and (c)
d
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What does LIBOR stand for?
A) London Interbank Offer Rate B) Least Integral Borrowing Order Rate C) Local Interest Bank Ongoing Rate D) Liberalized Interoffer Borrowing Rate
The Financial Services Modernization Act
A) effectively repealed the Glass-Steagall Act of 1933. B) increased restrictions on cross-ownership of different types of financial institutions. C) allowed mergers between commercial banks and investment banks, but not between commercial banks and insurance companies. D) All of the above.
The economics of slavery suggests that
(a) slave labor produced efficiencies in Southern agriculture. (b) slave owners possessed economic incentives to beat and exploit their slaves. (c) Southern agriculture was less profitable than northern farming. (d) Southern agriculture was just and moral.
The ISO 9000 family of quality management and assurance procedures improve exchangeability by lowering the cost of obtaining information about the goods to be traded and the counterparties with whom individuals might trade
Indicate whether the statement is true or false