In the globalized AS/AD model, what curve indicates the amount of tradable goods that other countries will supply to a country at a given price level and exchange rate?
A. World demand curve
B. Domestic supply curve
C. Domestic demand curve
D. World supply curve
Answer: D
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Personal consumption expenditures include:
a. all commodities that business firms buy. b. the purchase prices paid for stocks and bonds by individual households. c. the construction of residential housing. d. all goods and services bought by households. e. the corrected value of housewives' services.
The major problem with using rabbits as money is the problem of
a. homogeneity b. divisibility c. portability d. durability e. scarcity or abundance
In which of the following ways is a monopolist different from a perfect competitor?
A. Average cost will continually drop as output expands. B. Price is above marginal revenue. C. Average total cost equals average fixed costs plus average variable costs. D. The demand curve for the industry has a negative slope.
Money that is deposited in is a part of M1
a. True b. False Indicate whether the statement is true or false