In the article on China holding $4 trillion in dollars, for every dollar it holds in reserves, it prints
A. 6.5 fewer yuan for the domestic money supply.
B. 10 fewer yuan for the domestic money supply.
C. 6.5 additional yuan for the domestic money supply.
D. 10 additional yuan for the domestic money supply.
Answer: C
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The GDP growth rate:
A. is a measure to track changes in an economy over time. B. looks at changes in GDP across different time periods. C. is measured as the percent change in real GDP from one time period to the next. D. All of these statements are true.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
Why is it important that a firm have market power if it wishes to engage in price discrimination?
What will be an ideal response?
The demand curve for a monopolistically competitive firm is
A. less elastic than the demand curve of the perfectly competitive firm. B. the same as the industry demand curve. C. more elastic than the demand curve of the perfectly competitive firm. D. horizontal.