A firm's profit is denoted by the Greek letter:
A. rho.
B. delta.
C. chi.
D. pi.
D. pi.
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Economic growth takes place
A) only if the price level is constant or rising. B) when aggregate demand decreases. C) only when both aggregate demand and aggregate supply increase. D) when aggregate supply increases.
In the United States -since 1981- which two of the following have almost always moved in the same direction?
A) net exports and the government sector balance B) net exports and the private sector balance C) the government sector balance and the private sector balance D) none of the above
Given an annual interest rate of 12 percent, what is the present value of receiving $1,000 in 20 years?
A) $890.45 B) $850.23 C) $112.16 D) $103.67
Consumer surplus increases whenever the price of a good increases
a. True b. False Indicate whether the statement is true or false