Which city currently charges drivers a "congestion toll" to drive into the heart of the city's financial, legal, and entertainment district?
a. Washington, D.C.
b. Sydney
c. Tokyo
d. London
d
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If the world price for good A is above the domestic price for good A without trade, then consumer surplus will ________ and producer surplus will ________ with trade.
A. increase; increase B. decrease; increase C. increase; decrease D. decrease; decrease
Refer to the table above. What is the average (mean) monthly wage?
A) $450 B) $558 C) $612 D) $650
The economy is in its short run equilibrium at the point where the
A) price level is stable. B) SAS curve intersects the LAS curve. C) AD curve intersects the LAS curve. D) AD curve intersects the SAS curve.
The level of income is unchanged in response to unanticipated anti-inflation policy in ________
A) real business cycle theory B) traditional Keynesian theory C) new Keynesian theory D) post classical theory