The effect of monetary policy on real output is ________ due to deregulation's effect on the LM curve alone, and ________ due to deregulation's effect on the IS curve alone
A) strengthened, strengthened
B) strengthened, weakened
C) weakened, strengthened
D) weakened, weakened
B
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Using the figure above, suppose with no trade Liz and Joe each produce at point A on their respective PPFs. Then, Liz suggests that they specialize and trade. She would produce only smoothies and Joe would produce only salads
Then she would sell 10 smoothies to Joe at a price of 2.5 salads per smoothie. In this scenario, A) Liz gains 5 smoothies, and Joe gains 10 smoothies. B) Liz gains 10 smoothies, and Joe loses 5 smoothies. C) Liz gains 5 smoothies and 5 salads, and Joe loses 5 salads. D) Liz gains 10 smoothies and 5 salads, and Joe gains 5 smoothies. E) Neither of the individuals gains from trade.
Among the United States, Finland, and South Africa, income is distributed most equally in ________ and least equally in ________
A) the United States; South Africa B) Finland; South Africa C) Finland; the United States D) South Africa; the United States
If an increase in the price of good X leads to an increase in the consumption of good Y, then goods X and Y are called:
A. substitutes. B. inferior goods. C. complements. D. normal goods.
What can IAC do to expand trade with DVC?
What will be an ideal response?