If an economy is at equilibrium, it will also be operating at full employment
a. True
b. False
B
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The official settlements account is the record of
A) payments for imports, receipts for exports, net interest, and net transfers. B) changes in the government's holdings for foreign currency. C) exports of capital goods minus imports of capital goods. D) foreign investment in the nation minus the nation's investment abroad. E) a nation's international trading, borrowing and lending.
Refer to Figure 4-8. Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments. What is the value of the deadweight loss after the imposition of the price floor?
A) $50,000 B) $125,000 C) $175,000 D) $260,000
Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
Is the monopolist supply decision more complicated than that of competitive supply?
A. Yes, because the monopolist can choose its price, and the perfect competitor cannot. B. No, because they are both price takers. C. No, because the market determines the quantity for the monopolist. D. No, because the market determines the price for both firms.