Which of the following would be most likely to induce Congress and the president to conduct contractionary fiscal policy? A significant
A) increase in labor productivity. B) decrease in oil prices.
C) increase in inflation. D) decrease in real GDP.
C
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Dell and Gateway must decide whether to lower their prices, based on the potential economic profits shown in the payoff matrix above. (The profits are in millions of dollars). In the Nash equilibrium
A) Dell keeps its prices high and Gateway lowers its prices. B) both Dell and Gateway lower prices. C) Gateway keeps its prices high and Dell lowers its prices. D) both Dell and Gateway keep prices high.
Which central bank has its exchange rate as a focus of its monetary policy?
A) Bank of Canada B) Bank of England C) European Central Bank D) Federal Reserve
In the aggregate demand and aggregate supply model,
a. the factors that cause the demand curves in both models to slope downward are the same. b. the factors that cause the supply curves in both models to slope upward are the same. c. the upward-sloping aggregate demand curve intersects the downward-sloping aggregate supply curve to determine the economy's price level and GDP. d. the upward-sloping aggregate supply curve intersects the downward-sloping aggregate demand curve to determine the economy's price level and GDP. e. the price level never changes even with shifts in aggregate demand and aggregate supply.
Quantity of Frozen Latte-On-A-Stick SuppliedPriceFlo's SupplyRita's Supply10020334649951512
Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, what is the market quantity supplied at a price of $5?
A. 3 B. 12 C. 15 D. 27