A change in which of the following will have a direct effect on the amount of money individuals wish to hold in the current period?
A) the current nominal interest rate
B) the current real interest rate
C) the expected future nominal interest rate
D) the expected future real interest rate
E) all of the above
A
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Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
Which of the following explains why long-run average total cost at first decreases as output increases?
a. diseconomies of scale b. less efficient use of lumpy inputs c. fixed costs become spread out over more units of output d. gains from specialization of inputs e. marginal costs rise at a slower rate than average costs in the short run
Invisible hand
What will be an ideal response?
The revenue-maximizing output for a nondiscriminating monopolist represented in the table given below is?
A. 0 units B. 2 units C. 3 units D. 4 units E. 5 units