Figure 4-6
The revenue generated by the tax illustrated in is given by the area
a.
ACLH.
b.
BEKM.
c.
ACFG.
d.
0AGJ.
b
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Monetarists advocate increasing the money supply by a constant rate year after year. True or False
If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand will increase the
A) higher the price of oranges. B) higher the price of other fruits. C) higher the income level of consumers. D) lower the price of oranges.
Which of the following could be considered a macroeconomic issue?
A. T-Mobile and MetroPCS finalize a merger. B. Twinkies goes bankrupt, and the entire snack industry experiences losses. C. The unemployment rate in the US falls to 7.5 percent from 7.7 percent during the month of June. D. The decision of Microsoft to offer a free upgrade to Windows 10.
Which of the following makes short-term conditional low-interest loans to LDCs?
a. Agency for International Development (AID) b. World Bank c. Agency for International Finance (AIF) d. International Monetary Fund (IMF)