Devaluation of a currency stimulates exports
Indicate whether the statement is true or false
T
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Everything else remaining unchanged, what is likely to happen to the credit demand curve of a software producing firm if:
a. there is an increase in the real interest rate? b. they plan to expand production in near future?
A sudden fall in the market demand in a competitive industry leads to
a. A short run market equilibrium price higher than the original equilibrium b. A market equilibrium price lower than the short run price c. Some firms exiting the market d. All of the above
Upward mobility for those in poverty is
A. Not likely to happen at all because most people live in a caste system. B. More likely for people in poor nations than in rich nations. C. More likely for people in rich nations than in poor nations. D. Equally likely for people in rich nations and poor nations.
An instance in US history when SRAS increased was
a. The Great Depression (1930s) b. WWII (early 40s) c. OPEC (70s) d. Tech Boom (90s)