The marginal utility curve is downward sloping
a. True
b. False
Indicate whether the statement is true or false
True
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Referring to Figure 19.1, if the exchange rate is currently 14 pesos per dollar, then we expect the dollar to ________ and the peso to ________
A) depreciate; appreciate B) depreciate; depreciate C) appreciate; appreciate D) appreciate; depreciate
If technological breakthroughs in the internet cause large numbers of firms to consider investment projects they hadn't previously thought of, then
A) a shift in the supply of loanable funds will cause interest rates to rise. B) a shift in the supply of loanable funds will cause interest rates to fall. C) a shift in the demand for loanable funds will cause interest rates to rise. D) a shift in the demand for loanable funds will cause interest rates to fall. E) there will be an excess supply of loanable funds.
It is harder to explain the behavior of firms in oligopoly than in other market structures because in oligopoly
a. the firms act independently of each other b. firms base their decisions on what their rivals do c. only differentiated products are produced d. only homogeneous products are produced e. the demand curve can slope upward
Gross fiscal expenditure in a country increased by $250,000 during a certain year. If the value of the simple spending multiplier is 3, then real GDP in this country will increase by: a. $175,000. b. $750,000. c. $45,000
d. $80,000.