If in the long run a firm makes zero profit, it should exit the industry
Indicate whether the statement is true or false
FALSE
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The opportunity cost of holding money is properly measured by the rate of interest on financial assets such as bonds
a. True b. False Indicate whether the statement is true or false
To bypass capital controls, people who need foreign currency sometimes resort to:
a. forward foreign exchange markets. b. stock markets. c. black markets. d. farmers markets.
Foreign investors owned _______% of the publicly held national debt in 1970.
Fill in the blank(s) with the appropriate word(s).
Assume the economy is at point D. What would happen to AE2 and the point of equilibrium if P increased to 110 while the autonomous parts of consumption, investment, government purchases, and net exports remained constant?
a. AE2 would shift up, and the point of equilibrium would move right. b. AE2 would shift down, and the point of equilibrium would move left. c. AE2 would not move, but the point of equilibrium would move left. d. AE2 would not move, but the point of equilibrium would move right.