If a country's currency appreciates, which of the following will most likely happen?
a. Net exports will fall and aggregate demand will increase.
b. Net exports will rise and aggregate demand will increase.
c. Net exports will fall and aggregate demand will decrease.
d. Net exports will rise and aggregate demand will decrease.
C
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Why can a monopoly make a positive economic profit even in the long run?
What will be an ideal response?
A narrow bid-asked spread indicates that a security has
A) small price fluctuations. B) high liquidity costs. C) low transaction volume. D) a thin market.
During the Great Inflation of the 1970s, (a) the growth rates of M1 and M2 were higher than previously, and (b) the growth rate of M2 was much higher than the growth rate of M1
Explain how the high inflation of the decade relates to each of these facts.
A firm's implicit costs are
a. its maintenance costs b. its paid-out costs of production c. its main source of executive costs d. irrelevant to the determination of economic profit e. opportunity costs of production that do not involve money outlays