An increase in the money supply causes the interest rate to fall, investment spending to rise, and aggregate demand to shift right
a. True
b. False
Indicate whether the statement is true or false
True
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If ________, net exports are zero
A) imports equal transfer payments B) imports exceed exports C) exports exceed transfer payment D) exports equal imports
The above figure shows the production possibility frontier for a country. Suppose the country is producing at point D. What would be the opportunity cost to move to point C?
A) 6 thousand bottles of wine B) 15 thousand bottles of wine C) 12 tons of rice D) Nothing, it is a free lunch. E) This movement is not possible without economic growth.
If a firm's economic profit is positive, its accounting profit must also be positive
Indicate whether the statement is true or false
The summation of all individual firm marginal cost curves above the minimum of the average variable cost curve:
A. is the market shut-down point. B. is the market demand curve. C. is the market marginal revenue curve. D. is the market supply curve.