Most of the world's currencies are backed by some type of commodity
Indicate whether the statement is true or false
FALSE
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If you buy a commemorative Princess Diana stamp issued by the British government, the purchase is considered part of
a. C b. I c. G d. X e. M
If Congress passed new laws significantly increasing the regulation of business, this action would tend to:
a. Increase per-unit production costs and shift the aggregate supply curve to the left b. Increase per-unit production costs and shift the aggregate demand curve to the left c. Increase per-unit production costs and shift the aggregate supply curve to the right d. Decrease per-unit production costs and shift the aggregate supply curve to the left
You are the manager of a monopoly that faces a demand curve described by P = 63 ? 5Q. Your costs are C = 10 + 3Q. The revenue-maximizing output is:
A. 10/63. B. 6.3. C. 5. D. None of the answers is correct.
Economic growth is measured by
A. the annual percentage change in nominal Gross Domestic Product (GDP). B. the annual percentage change in per capita nominal Gross Domestic Product (GDP). C. the annual percentage change in the unemployment rate. D. the annual percentage change in per capita real Gross Domestic Product (GDP).