The richest EU country in terms of GPD per capita is:
a. Germany
b. Netherlands
c. Denmark
d. Luxembourg
D
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Refer to the figure above. Which of the following is likely to happen if a price control of $80 is imposed in the market?
A) There will be a surplus of 25 units in the market. B) There will be a shortage of 25 units in the market. C) There will be a surplus of 10 units in the market. D) There will be a shortage of 10 units in the market.
At a price of $5, 24 units of the good would be sold; at a price of $7, 25 units of output would be sold. The marginal revenue of the 25th unit of output is:
A. $14. B. $55. C. $6. D. $175.
A fall in income that results in a decrease in tax revenues is an example of...
What will be an ideal response?
In the Keynesian model, suppose the Fed sets a target for the real interest rate. If the IS curve shifts up and to the right, and the Fed wants to keep output unchanged in the short run and the price level unchanged in the long run, it will
A. not shift the LR curve. B. shift the LR curve down. C. shift the IS curve up and to the right. D. shift the LR curve up.