What is the lowest price the firm would accept in the short run?
$18.10 (or $18)
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According to supply-side economists, the incentive to save during the Clinton Administration fell due to a combination of
a. an increase in net export and a budget surplus. b. an increase in the tax rates on upper-income Americans and more government regulation. c. higher inflation and higher tax rates on lower-income Americans. d. None of the above
Why is it necessary to distinguish between the target federal funds rate range and the market federal funds rate?
What will be an ideal response?
An index fund
a. holds only stocks and bonds that are indexed to inflation. b. holds all the stocks in a given stock index. c. guarantees a return that follows the index of leading economic indicators. d. typically has a lower return than a managed fund.
Aggregate demand shifts right if at a given price level
a. taxes rise and shifts left if the money supply increases. b. taxes rise and shifts right if the money supply increases. c. taxes fall and shifts left if the money supply increases. d. taxes fall and shifts right if the money supply increases.