Aggregate Supply increases when

A. government regulations proliferate.
B. raw materials' prices rise.
C. wages fall.
D. wages rise.


Answer: C

Economics

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Refer to Figure 19-3. Which of the following is not true?

A) Thai exports to the United States are more expensive at exchange rates greater than $.03/baht than at the equilibrium exchange rate. B) The baht is overvalued at exchange rates greater than $.03/baht. C) To achieve an exchange rate greater than $.03/baht, the Bank of Thailand must buy surplus dollars with bahts. D) Thai imports from the United States are cheaper at exchange rates greater than $.03/baht than at the equilibrium exchange rate.

Economics

Explain some of the steps that a government would wish to adopt in an inflationary environment.

What will be an ideal response?

Economics

________: a measure of the relative response of consumption of a good or service to changes in price

Fill in the blank(s) with correct word

Economics

Refer to the data provided in Table 9.4 below to answer the question(s) that follow.  Table 9.4qTFCTVCTCMCAVCATC0$100  $0$100  ----  --  11004014040  40  140  21006016020  30   80  31009019030  30    63.334100124  224  343156  5100180  280  56  36  56  6100  264    364  84  44    60.677100  372    472  108  53.14  67.42Refer to Table 9.4. If the market price is $34 and the firm produces 4 units of output, then its profit would be

A. -$100. B. -$88. C. $0. D. $36.

Economics