Which of the following will lead to a decrease in the value of Spanish income per capita in dollars?
A) An increase in the value of the Spanish income per capita in Euro
B) A decrease in the dollar/euro exchange rate
C) An increase in the dollar/euro exchange rate
D) A decrease in the income per capita of U.S.
B
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Stagflation usually results from
A) a supply shock. B) an increase in aggregate supply. C) a decrease in aggregate demand. D) an increase in aggregate demand.
Public goods are characterized by
A. nonrivalness. B. excludability. C. the sum of the MRSs equaling MRT. D. all of these answer options are correct.
In the short run, an increase in net exports causes
A. an increase in real GDP and the price level. B. an increase in real GDP and a decrease in the price level. C. adecrease in real GDP and an increase in the price level. D. a decrease in real GDP and the price level.
The decision to enter or exit an industry is known as the
A. Production decision. B. Profit maximization decision. C. Investment decision. D. Output decision.