If the economy's output response to changes in current inflation is small, the slope of the dynamic aggregate demand curve will be:
A. positive.
B. flat.
C. steep.
D. zero.
Answer: C
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Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's tax level rises relative to England and nothing else changes, then the:
a. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing an appreciation of the Swiss franc. b. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing a depreciation of the Swiss franc. c. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market rises, causing an uncertain change in the value of the Swiss franc. d. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market rises, causing an appreciation of the Swiss franc. e. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate.
The higher the cost of talking on a cell phone in public (in terms of being perceived by others as rude) the less likely one is to do so
Indicate whether the statement is true or false
What is the marginal cost of producing the fifth unit?No. units producedTotal RevenueTotal Costs0001100502180110325018042902705310380
A. 110 B. 270 C. 50 D. 0
Refer to the below graph of the market for wheat. The government adopts a price support program for wheat, and supports the wheat price at P2. The area of Q1ABQ2 would measure the:
A. Total amount received by farmers from selling wheat
B. Total profits of wheat farmers
C. Amount government will pay to wheat farmers
D. Amount buyers of wheat will pay to wheat farmers