Assume the graph shown represents the market for button-up shirts and was originally in equilibrium with D and S. What type of shock might cause a shift from D to D2?
A. The price of buttons has increased.
B. The price of ties went up.
C. The price of sweatshirts went up.
D. Income has increased.
D. Income has increased.
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Suppose the intersection of the IS and LM curves is to the left of the FE line. What would most likely eliminate a disequilibrium among the asset, labor, and goods markets?
A) A rise in the price level, shifting the LM curve up and to the left B) A fall in the price level, shifting the LM curve down and to the right C) A rise in the price level, shifting the IS curve up and to the right D) A fall in the price level, shifting the IS curve down and to the left
Why does the industry short-run supply curve slope upward?
What will be an ideal response?
Number of FigsVCMCAVCFCTCATC0???100??19090????2?????1353??80???4????400?Table 8.4Table 8.4 presents the cost schedule for David's Figs. If David produces two figs, David's marginal costs are:
A. $80. B. $90. C. $100. D. $170.
If the current account is in deficit, we know that
A. there is a statistical discrepancy in the surplus. B. the merchandise trade balance is also in deficit. C. the merchandise trade balance is in surplus. D. the financial account is in surplus.