Firms price discriminate to maximize total revenue
Indicate whether the statement is true or false
False. Firms price discriminate to increases profit.
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The system of accounts for each country, based on the circular flow, whose purpose is to measure the level of economic activity is called:
A) the underground economy. B) national income accounting. C) bookkeeping. D) none of the above.
The unemployment rate of today is significantly lower than that rate one hundred years ago
Indicate whether the statement is true or false
The Treasury finances government spending by
A) selling securities. B) collecting taxes. C) by collecting tariffs. D) all of these choices are possible.
If nominal interest rates rise, what will happen to demand for money? a. It will increase
b. It will decrease. c. Nothing; the economy will move to a new quantity demanded at a new interest rate. d. It depends on what happens to other determinants of demand for money like prices or income.