The competitive firm's long-run supply curve
a. is always perfectly horizontal.
b. includes only that part of the long-run marginal cost curve that lies above long-run average cost.
c. includes only that part of the long-run marginal cost curve that is sloping upwards.
d. is identical to its long-run average cost curve.
b. includes only that part of the long-run marginal cost curve that lies above long-run average cost.
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In 2015, the price of peanuts was rising, which lead peanut butter buyers to expect the price of peanut butter would rise in the future
Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) an increase in demand for peanut butter; an increase; an increase B) an increase in supply of peanut butter; a decrease; an increase C) a decrease in demand for peanut butter; a decrease; a decrease D) a decrease in supply of peanut butter; an increase; a decrease
If increased supply leads to lower prices, why is rapid growth of the money supply usually accompanied by high interest rates?
What will be an ideal response?
Compare the macroeconomic performances in the 1990s of the following countries under the following exchange-rate regimes: floating exchange rates, Mexico and Brazil; capital control, China and Malaysia; and currency boards, Estonia and Hong Kong;
dollarization, Argentina.
Fiscal policy deals with
a. interest rates. b. the money supply. c. the government budget. d. bank credit.