In recent years, Taiwan has experienced increases in savings and investment. As a result of the higher investment and saving, we expect
i. increases in physical capital.
ii. increases in the inflation rate.
iii. advances in technology.
A) i, ii and iii B) ii and iii C) ii only D) i and iii E) i and ii
D
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The statement that "increases in the tax on gasoline increase the price of gasoline" is an example of a
A) marginal statement. B) normative statement. C) rational-decision statement. D) macroeconomic statement. E) positive statement.
The lower the real wage rate, the
A) fewer workers firms can profitably hire. B) more workers firms can profitably hire. C) more workers will supply labor. D) higher the nominal wage rate. E) larger the quantity of labor supplied.
What is included in the public statement released by the FOMC following the conclusion of its meeting?
What will be an ideal response?
If a competitive firm's marginal cost curve is U-shaped then
A) its short run supply curve is U-shaped too B) its short run supply curve is the downward-sloping portion of the marginal cost curve C) its short run supply curve is the upward-sloping portion of the marginal cost curve D) its short run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short run average variable cost curve E) its short run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short run average total cost curve