If currency depreciates,
A. net exports rise and the aggregate demand curve shifts inward.
B. net exports rise and the aggregate demand curve shifts outward.
C. net exports fall and the aggregate demand curve shifts inward.
D. net exports fall and the aggregate demand curve shifts outward.
Answer: B
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Pure monopoly
A. is defined as having only one supplier. B. has no close substitutes for its product. C. exists when entry and survival of potential competitors is extremely unlikely. D. All of these responses are correct.
Japan and Germany are two major __________-oriented systems
A) securities B) equities C) banking D) markets
The inverse supply curve of coffee beans equals P = -5 - 2rain + Qs, where rain equals the number of inches of rain per year. How much does quantity supplied change when rain increases from 30 inches to 40 inches per year?
A) Qs decreases by 40. B) Qs increases by 40. C) Qs increases by 30. D) Qs decreases by 30.
The Keynesian consumption function is in an economy C = 10 + 0.8 Yd. When disposable income is €1000, what is total consumption?
(a) 0.8 (b) 800 (c) 810 (d) 0.81