Which of the following examples definitely illustrates a depreciation of the U.S. dollar?
A) The dollar exchanges for 120 euros and then exchanges for 100 euros.
B) The dollar exchanges for 100 euros and then exchanges for 110 euros.
C) The dollar exchanges for 275 euros and then exchanges for 250 yen.
D) The dollar exchanges for 250 yen and then exchanges for 275 euros.
A
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If there is an improvement in technology that affects only Aggregate Supply and a nation's wealth falls due to a sagging stock market, then:
a. Price index rises, and the change in real GDP is uncertain. b. Price index falls, and real GDP rises. c. Price index falls, and the change in real GDP is uncertain. d. Price index falls, and real GDP falls. e. The change in price index is uncertain, and real GDP rises.
The government uses market share figures contained in the ________to help determine whether or not it will challenge a proposed merger.
A. antitrust prohibition ratio B. Herfindahl-Hirschman Index C. concentration ratio D. Cellar-Kefauver Index
The long-run equilibrium for a monopolistically competitive firm is to the left of the low point on its average total cost curve.
Answer the following statement true (T) or false (F)
If you were going to expand a facility by adding 10% more seats, and the costs of providing ushers and other personnel to deal with the new seats was exactly the same (on a per seat basis) as the older portion of the facility, the new MC curve would look like the previous one, except that it would
A. just shift to the right. B. just shift up. C. no longer be a backward L but would be upward sloping once the old capacity was reached. D. just shift to the left.