Figure 19-1
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Of the graphs in Figure 19-1, which one shows the effects of an increase in interest rates in Japan and a depreciation of the dollar?
A. 1
B. 2
C. 3
D. 4
Answer: A
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Refer to Figure 17-4. Which of the following is true at W2?
A) The supply curve is positively sloped. B) The income effect and the substitution effect are equal. C) The substitution effect is larger than the income effect. D) The income effect is larger than the substitution effect.
Consider the game between the teens from the previous question. In addition to any pure-strategy Nash equilibrium, there is another one in mixed strategies. In it, each teen chooses to declare with probability
a. 0.52 b. 0.5 c. 0.34 d. 0.1
The short-run aggregate supply curve is
A) downward sloping. B) upward sloping. C) vertical. D) horizontal.
For the short-run cost function AVC = a + bQ + cQ2,
A. the corresponding SMC function is SMC = aQ + 2bQ3 + 3cQ3. B. the AVC curve is ?-shaped when a > 0, b < 0, and c > 0. C. the AVC curve is ?-shaped when a < 0, b > 0, and c < 0. D. both a and c E. all of the above