A decrease in foreign real income would shift the:
A) aggregate demand curve rightward.
B) aggregate demand curve leftward.
C) aggregate supply curve rightward.
D) aggregate supply curve leftward.
B
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Assume the LRAC curve for a particular industry hits its minimum point at a relatively low level of output and then increases, and the demand for industry output is quite large
In this case, consideration of the minimum efficient scale of operation suggest that the market should be served by: A) a large number of small firms to minimize production costs. B) a small number of large firms to minimize production costs C) a large number of large firms to minimize production costs. D) an indeterminate number of firms of indeterminate size to minimize production costs.
The ownership of radios increased from ___ percent in 1920 to ___ percent in 1930
a. 10; 70 b. 5;10 c. less than one; 40 d. Radio was not popularized beyond hobbyists until the 1930s
Credit cards a. are a method of deferring payment, and people who have credit cards hold less money on average. b. are a method of deferring payment, and people who have credit cards hold more money on average. c. are a medium of exchange, and people who have credit cards hold less money on average
d. are a medium of exchange, and people who have credit cards hold more money on average.
Faced with an adverse supply shock, if the central bank wants to stabilize output, it should
A. decrease the money supply. B. increase the money supply. C. decrease government spending. D. increase government spending.