Refer to the diagram, in which Q f is the full-employment output. The shift of the aggregate demand curve from AD 1 to AD 2 is consistent with:
A. an expansionary fiscal policy.
B. a major recession.
C. a contractionary fiscal policy.
D. severe demand-pull inflation.
A. an expansionary fiscal policy.
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An economic benefit of capital outflows is that they
A) create future income payment inflows. B) increase domestic investment. C) reduce domestic saving. D) reduce domestic unemployment.
Refer to Scenario 5.4. What is the probability of outcome B?
A) 0 B) -0.5 C) 0.5 D) 0.4 E) 0.2
A monopoly's
a. supply curve is the same as its marginal cost curve b. supply curve is the same as its marginal revenue curve c. marginal cost curve is downward sloping d. demand curve is horizontal e. marginal revenue curve is downward sloping
Suppose the domestic supply (QS) and demand (QD) for skateboards in the United States is represented by the following set of equations:QS = -60 + 3PQD = 390 - 2PIn the absence of international trade in skateboards how many skateboards will be sold in the United States?
A. 210 B. 930 C. 138 D. 258