The global economy enters a recession, thereby decreasing the level of U.S. exports. If the aggregate supply curve does not shift, then aggregate demand will ________, real GDP will ________, and the price level will ________
A) increase; increase; remain the same
B) increase; remain the same; increase
C) decrease; increase; increase
D) decrease; decrease; decrease
E) remain the same; increase; increase
D
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A roller coaster operator produces thrill-packed rides using electricity and a roller coaster. For the roller coaster operator, electricity is
A. an opportunity cost. B. a variable cost. C. a fixed cost. D. a sunk cost.
During the "computer revolution" of the 1980s and 1990s, many firms replaced old technology with new technology. What might explain why firms don't change technology as quickly today?
What will be an ideal response?
The European Union has prosecuted cases against which American firms for violations of their antitrust laws?
A. Apple and Google B. Kraft and Kellogg C. GM and Ford D. Sirius and XM Radio
A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future
Indicate whether the statement is true or false