If the international value of the dollar rises, the
A. aggregate demand curve will shift inward.
B. aggregate supply curve will shift outward.
C. U.S. price level will fall.
D. All of these responses are correct.
Answer: D
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Refer to Figure 4-10. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What area represents the deadweight loss after the imposition of the price floor?
A) J + H B) C + E + J + H C) C + E D) G + H
The financial system performs the role of communicating information by
A) constantly increasing the liquidity of most assets. B) constantly reducing the riskiness of most assets. C) incorporating all available information into the prices of financial assets. D) providing to investors for a nominal charge all government reports available about a particular company.
Marginal revenue, average revenue, and price are all equal for a monopolist
a. True b. False
Suppose U.S. interest rates fall. This reduction in U.S. interest rates will cause which of the following to occur?
A) an outflow of capital from the United States B) no change in foreign investment in the United States C) an increase in the value (appreciation) of the U.S. dollar D) an inflow of capital to the United States