If the percent is 5%
What will be an ideal response?
then it's worth to buy. It will make supply, it will shift to the right. Printing money will provide supply from $100 billion to $120 billion with 3%
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What do we assume about households and firms?
A) They act irrationally. B) They do what the government tells them to do. C) They look after each other. D) They optimize.
The more specialized labor becomes, the:
a. less likely it is that a double coincidence of wants will exist, and the less likely it is that monetary exchange will develop. b. less likely it is that a double coincidence of wants will exist, and the more likely it is that monetary exchange will develop. c. more likely it is that a double coincidence of wants will exist, and the less likely it is that monetary exchange will develop. d. more likely it is that a double coincidence of wants will exist, and the more likely it is that monetary exchange will develop. e. more likely it is that the individual is producing only what he or she wants to consume.
Refer to the graph shown. Total variable cost of producing Q* is represented by:
A. area 0Q*CD. B. area 0Q*BE. C. area 0Q*AF. D. cannot be determined.
Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. The ________ quantity of perms for We Do Hair, a monopolistically competitive firm, is 40.
A. profit-maximizing B. loss-minimizing C. shut down D. break-even