The dollar has depreciated if it buys less of a foreign currency.

Earning-sharing regulation involves

A) setting the monopoly's price equal to its average total cost. B) requiring that the monopoly share its profits with its customers if the profits rise above a certain level. C) setting a maximum price the monopoly may charge and maintaining it for many years. D) assuming a natural monopoly will not charge a higher than profit-maximizing price. E) setting the monopoly's price equal to its marginal cost.

If the economy is on the LM curve, but is to the right of the IS curve, aggregate output will ________ and the interest rate will ________

A) rise; rise B) rise; fall C) fall; rise D) fall; fall

Refer to the information provided in Figure 1.5 below to answer the question(s) that follow. Figure 1.5Refer to Figure 1.5. As income increases, consumption increases, but for each additional increase in income, consumption increases by a larger and larger amount. If consumption is graphed on the vertical axis and income is graphed on the horizontal axis, the relationship between consumption and income would look like which of the following Panels?

A. A B. B C. C D. D

Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars

A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.