The market demand curve for any good is
a. independent of individuals' demand curves for the good.
b. the vertical summation of individuals' demand curves.
c. the horizontal summation of individuals' demand curves.
d. derived from the firm's marginal cost of production.
c
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If the U.S. interest rate differential falls, then the exchange rate
A) does not change. B) definitely falls. C) definitely rises. D) falls only if it was the U.S. interest rate that changed. E) rises only if it was the foreign interest rate that changed.
A firm is more likely to use a labor-intensive method of production when the relative amount of available labor is greater than the available amount of capital
Indicate whether the statement is true or false
Prior to 2008, bank managers looked on reserve requirements
A) as a tax on deposits. B) as a subsidy on deposits. C) as a subsidy on loans. D) as a tax on loans.
COLA clauses are usually based on the
a. CPI. b. PPI. c. implicit price deflators. d. level of unemployment.