________ is ?TR/?q.
A. Marginal revenue
B. Economic profit
C. Average revenue
D. Marginal cost
Answer: A
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If the demand curve is horizontal, then demand is:
A. elastic. B. unit elastic. C. perfectly inelastic. D. perfectly elastic.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
Which of the following would be counted as part of M1?
a. Money market deposit accounts b. Saving deposits c. Mutual funds d. Traveler's checks e. Time deposits
According to the twin-deficit problem
A. Greece's government budget deficit weakened aggregate demand B. Greece's government budget deficit should have eliminated its current account deficit C. Greece's government budget deficit contributed to its current account deficit D. none of the above