A balance of payments deficit occurs if
A) the demand for a nation's currency exceeds the supply of the currency at the current exchange rate.
B) exports exceed imports.
C) the supply of a nation's currency is equal to the demand for the currency at the current exchange rate.
D) the supply of a nation's currency exceeds the demand for the currency at the current exchange rate.
D
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One of the primary objections to the new classical model is that ________
A) firms could easily get information about price movements and so would not be fooled for very long B) price is negatively related to quantity demanded, but positively related to quantity supplied C) business cycles are relatively brief in duration D) it failed to incorporate rational expectations into its presentation
The existence of heterogeneous preferences for government is an economic argument for a federal system of government
a. True b. False
If the market price in a competitive market is below the minimum of average variable cost the firm will shut down
Indicate whether the statement is true or false
Why do people commonly switch channels on their TVs when the final credits of a movie they were watching on it are being displayed?