Use the following graph to answer the next question.
Which of these lines represents the short- run aggregate supply curve?
A. 1
B. 2
C. 3
D. 4
Answer: C
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Isabel purchases a $1,000 face value one-year Treasury bill for $934.58, and the next day investors decide they will only buy one-year Treasury bills if they receive an interest rate of 9%
If Isabel decides to sell her Treasury bill to another investor the day after she purchased it, she will A) receive a capital gain of $28.04. B) receive a capital gain of $7.76. C) suffer a capital loss of $18.69. D) suffer a capital loss of $17.15.
Pure capitalism does not focus on private ownership of resources
Indicate whether the statement is true or false
How much revenue will the government raise each week from the tax?
A. $8 million
B. $10 million
C. $20 million
D. $40 million
The demand for normal goods
A. Falls when incomes rise. B. Rises when incomes rise. C. Rises when incomes fall. D. Shifts to the right when incomes fall.