Refer to Figure 13-1. Ceteris paribus, an increase in the price level would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
D
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Firms in a cartel have an incentive to cheat on the cartel agreement because they suspect the other firms are cheating as well.
Answer the following statement true (T) or false (F)
A small open economy reduces its desired saving. This causes the world real interest rate to ________ and the country's current account balance to ________
A) fall; fall B) remain unchanged; rise C) fall; rise D) remain unchanged; fall
The primary rationale for antitrust policy is mistrust and an expectation of foul play
Indicate whether the statement is true or false
The official poverty rate for all persons declined sharply between 1959 and:
A. the 2000s. B. the 1970s. C. the 1980s. D. the 1990s.