Which of the following situations results in a surplus of euros?
a. The dollar price of euros is higher than $1.50.
b. The dollar price of euros is equal to $1.50.
c. The dollar price of euros is slightly lower than $1.50.
d. The dollar price of euros is much lower than $1.50.
a. The dollar price of euros is higher than $1.50.
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When government spending is added to the basic macroeconomic model, the multiplier for G would
a. be higher than the multiplier for autonomous spending. b. be lower than the multiplier for autonomous spending. c. be equal to the multiplier for autonomous spending. d. have no relationship to the autonomous spending multiplier.
A report indicated that the average real wage in manufacturing declined by 2 percent between 1990 and 2000. If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the average nominal wage in manufacturing was $35 in 2000, what was the average nominal wage in manufacturing in 1990?
A. $21.13 B. $26.92 C. $27.47 D. $26.40
Explain how marginal product can be negative.
What will be an ideal response?
When a pure monopolist is producing its profit-maximizing output, price will:
A. be less than MR. B. equal neither MC nor MR. C. equal MR. D. equal MC.