Assuming demand is inelastic, if a firm wants to increase its total revenue, it should raise price
Indicate whether the statement is true or false
TRUE
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The dollar is regarded as the "safe haven" currency; investors flock to it when they are worried about the outlook for the global economy
Fears were at their greatest in late 2008 and early 2009 after the collapse of the Lehman Brothers investment bank in September 2008. As investors flocked to the dollar A) the demand for dollars increased and the exchange rate increased. B) the demand for dollars decreased and the exchange rate decreased. C) the supply of dollars increased and the exchange rate decreased. D) the supply of dollars decreased and the exchange rate increased.
In many economies, a substantial fraction of investment is by multinational corporations (MNCs) whose stock value is determined on global markets
Based on Tobin's q theory, how might we expect MNC investment to affect the volatility of aggregate investment in an economy?
In developing nations, the combined rate of urban and rural unemployment or underemployment is about
a. 1 percent b. 10 percent c. 20 percent d. 30 percent e. 80 percent
____ is the income actually available to the consumers that determines aggregate demand
a. Nominal income b. Net domestic product c. Income corrected for depreciation d. Disposable income