How much is the unemployment rate at point Q?
100%
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A currency depreciation
a. reduces aggregate demand and increases aggregate supply. b. reduces aggregate demand and aggregate supply. c. increases aggregate demand and reduces aggregate supply. d. increases aggregate demand and aggregate supply.
If demand is perfectly elastic, the demand curve is horizontal, and the price elasticity of demand equals 1
a. True b. False Indicate whether the statement is true or false
Which would be evidence of price discrimination at a local bar called Heaters?
A. Charging lower prices to customers wearing Heaters t-shirts. B. Charging lower prices during Happy Hour from 5 to 6 p.m. C. Charging higher prices than under perfect competition. D. Charging higher prices for imported than for domestic beer.
A tax on a good that is imposed by the importing country is called a
A) tariff. B) nontariff barrier. C) quantitative restriction. D) licensing regulation. E) trade constraint.