The United States has experienced both budget surpluses and deficits since 2000.
True
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A pure monopoly may generate economic profits because ________.
A. marginal revenue is constant as sales increase B. of barriers to entry C. of rising average fixed costs D. of advertising
The goals of monetary policy tend to be interrelated. For example, when the Fed pursues the goal of ________, it also can achieve the goal of ________ simultaneously
A) high employment; economic growth B) stability of financial markets; a low current account deficit C) high employment; lowering government spending D) economic growth; a low current account deficit
If the U.S. interest rate falls while the British interest rate remains constant, which of the following will happen in the market for pounds?
a. A rightward shift of the demand curve, a leftward shift of the supply curve, and an appreciation of the pound b. A leftward shift of the demand curve, a rightward shift of the supply curve, and an appreciation of the pound c. A leftward shift of the demand curve, a leftward shift of the supply curve, and a depreciation of the pound d. A rightward shift of the demand curve, a rightward shift of the supply curve, and an appreciation of the pound e. A leftward shift of the demand curve, a rightward shift of the supply curve, and a depreciation of the pound.
If the demand increases in a perfectly competitive market, the price will:
A. temporarily decrease. B. increase permanently. C. decrease permanently. D. temporarily increase.