When you take $100 from your saving account and deposit it in your checking account, M2 decreases.
Answer the following statement true (T) or false (F)
False
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If the demand for KFC chicken is price inelastic, a fall in the price of KFC chicken will raise the total revenue
Indicate whether the statement is true or false
The total debt includes amounts one government agency owes to another
a. True b. False
The foreign purchases effect suggests that a decrease in the American price level relative to those in other countries will
A. shift the aggregate demand curve leftward. B. shift the aggregate supply curve leftward. C. decrease American exports and increase American imports. D. increase American exports and decrease American imports.
If a monopolistically competitive firm is suffering losses in the short run:
A. the exit of competing firms will cause price to drop, but not affect the firm's demand curve. B. the exit of competing firms will shift the firm's demand to the right. C. the exit of competing firms will shift the firm's demand to the left. D. the exit of competing firms will cause price to rise, but not affect the firm's demand curve.