Aggregate Supply increases when
A. government regulations proliferate.
B. raw materials' prices rise.
C. wages fall.
D. wages rise.
Answer: C
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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.
Explain some of the steps that a government would wish to adopt in an inflationary environment.
What will be an ideal response?
________: 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
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.