According to the equation of exchange
A. when M rises, P must rise.
B. when M rises, V must fall.
C. when MV falls, PQ must fall.
D. when V rises, Q must rise.
C. when MV falls, PQ must fall.
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Increases in consumer wealth will cause an increase in autonomous consumption
Indicate whether the statement is true or false
Strikes occur in about ________ percent of the labor-management negotiations
A) 2 B) 16 C) 25 D) 40
A monopolist is producing at an output level at which ATC = $5, P = $6, MC = $4, and MR = $3. We can conclude that
A) economic profit could be increased by producing more. B) economic profit could be increased by producing less. C) economic profit cannot be increased. D) the firm is earning $10 in economic profits.
According to the law of demand, if the price of a netbook decreases, ceteris paribus, the demand for netbooks would increase
a. True b. False Indicate whether the statement is true or false