The end of racial preferences in college admissions has had no noticeable effect on minority enrollments
Indicate whether the statement is true or false
F
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An increase in autonomous consumption, an increase in disposable income, or a decrease in the marginal propensity to consume can all increase consumption
Indicate whether the statement is true or false
The federal reserve bank's board of governors consists of __ members appointed by the president of the US to 14 year, nonrenewable terms
A. 8 B. 7 C. 6
The long-run aggregate supply curve is vertical because
A. the production possibilities curve is vertical. B. the aggregate demand curve is downward sloping. C. a change in the level of prices will have no effect on real output in the long-run. D. technology increases at a constant rate.
Refer to the information provided in Table 14.4 below to answer the question that follows. Table 14.4B's Strategy ?Raise PriceDon't Raise Price?RaiseA's profit $6,000A's profit $20,000?PriceB's profit $6,000B's profit $30,000A's Strategy????Don'tA's profit $30,000A's profit $10,000?RaiseB's profit $20,000B's profit $10,000Refer to Table 14.4. Firm A?s optimal strategy is
A. dependent on what Firm B does. B. to raise the price of its product. C. to not raise the price of its product. D. indeterminate from this information, as no information is provided on Firm A?s risk preference.