Which of the following shifts the long-run aggregate supply curve to the right?
a. both an increase in the capital stock and technological improvements
b. an increase in the capital stock but not technological improvements
c. an increase in the capital stock but not technological improvements
d. neither an increase in the capital stock nor an technological improvements
a
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Sergei makes millions of dollars a year playing hockey. Sergei is also the best tailor in his hometown in Russia. Why is Sergei unlikely to make his own clothes? a. He has already made all the clothes he will need for a few years
b. The opportunity cost to him of making his own clothes is very high because it takes away from his lucrative hockey career. c. Sergei just can't find the material he likes in the United States. d. Sergei has a comparative advantage in tailoring clothes.
When the Fed buys government bonds on the open market, the money supply expands
Indicate whether the statement is true or false
If the bank advertises 6 percent annual interest rate on a one-year certificate of deposit and you anticipate the rate of inflation to rise to 3 percent during the year, then the real rate of interest on the certificate of deposit is
A. 9 percent. B. 3 percent. C. 2 percent. D. 6 percent.
Use the above table and assume a fixed cost of $200. At an output of 1, MC is
A. 0.
B. $100.
C. $200.
D. $300.