Refer to the figure at right. Profits will equal zero
A. when the price equals $1
B. at prices between $1 and $2
C. when the price equals $2
D. when the price equals $4
Answer: C. when the price equals $2
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What will be an ideal response?
If the IS curve is negatively sloped and the LM curve is positively sloped
A) an increase in government expenditures will raise real GDP and lower interest rates. B) a fall in the real money supply will raise real GDP and lower the interest rate. C) an increase in taxes and an increase in money supply will lower the interest rate and give little or no change in real GDP. D) an increase in taxes and a fall in the money supply will raise the interest rate and give little or no change in real GDP.
Which of the following best describes the entire U. S. refreshment beverage market?
A) monopoly B) oligopoly C) monopolistic competition D) perfect competition
Which of the following is true of inflation?
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