LRAS2 shows a(n) ______.
a. increase in real GDP supplied
b. decrease in real GDP supplied
c. increase in price level
d. decrease in price level
a. increase in real GDP supplied
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When the supply and demand of currencies in the foreign exchange market determines their relative values, this is known as
A) flexible exchange rates. B) depreciation. C) fixed exchange rates. D) appreciation.
Which of the following expeditions is associated with Vasco Da Gama?
a. Rounding the Cape of Good Hope b. Sailing from Portugal to India and back to Portugal c. Sailing around the world d. Reaching South America e. Exploring Newfoundland
Eliminating a tariff on running shoes would ________ businesses that sell running shoes and ________ consumers who purchase them
A) benefit; benefit B) benefit; harm C) harm; benefit D) harm; harm
Because a famous airplane like the Spruce Goose is fixed in supply, its price is
A. independently determined. B. inelastic. C. demand determined. D. supply determined.