Which of the following does NOT shift the U.S. aggregate demand curve?
A) an increase in GDP in Japan B) an increase in the supply of money
C) a decrease in taxes D) a decrease in the price level
D
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Consider the perfectly competitive firm in the figure above. At the profit maximizing level of output, the firm will
A) make an economic profit equal to the area ABCD. B) incur an economic loss equal to the area ABCD. C) make zero economic profit. D) make an economic profit equal to the area AECD.
Explain how does an increase in the real exchange rate affect exports and imports?
What will be an ideal response?
Compared with other bonds, convertible bonds usually have
A) less liquidity. B) a higher price. C) a higher yield. D) low tax payments.
The Arrow-Pratt measure of risk aversion is
A) negative if a person is risk averse. B) greater than one if a person is risk averse. C) negative if a person is risk loving. D) None of the above.