Political stability is an important ingredient in creating and sustaining economic growth
Indicate whether the statement is true or false
TRUE
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
A defendant believes there is a 40 percent chance that the plaintiff will win $1,000,000 and a 60 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 60 percent chance that they will win $1,000,000 and a 40 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $100,000 and the defendant's
litigation cost is $400,000. Which of the following statements is true? A) The plaintiff would be will to accept any amount greater than $450,000 to settle. B) There is no economic incentive for either party to settle. C) The defendant would be willing to pay up to $900,000 to settle. D) The defendant would be willing to pay up to $800,000 to settle.
Declining average total cost with increased production is one of the defining characteristics of a natural monopoly
a. True b. False Indicate whether the statement is true or false
A decrease in the market clearing exchange value of the home nation's currency in terms of the currency of another nation is a home currency
A. depreciation. B. devaluation. C. appreciation. D. revaluation.