An upward shift of the aggregate expenditures schedule might be caused by:
A. a decrease in exports, with no change in imports.
B. a decrease in imports, with no change in exports.
C. an increase in exports, with an equal decrease in investment spending.
D. an increase in imports, with no change in exports.
B. a decrease in imports, with no change in exports.
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Figure 11-3
Using the graph in Figure 11-3, the profit-maximizing monopolist will charge a price
a.
of more than $3.
b.
of $3.
c.
between $2 and $3.
d.
of $2.
National income minus personal taxes net of transfer payments equals disposable income.
Answer the following statement true (T) or false (F)
Hyperinflation may stimulate significant increases in real output in an economy.
Answer the following statement true (T) or false (F)
Monopolistically competitive firms sell differentiated products.
Answer the following statement true (T) or false (F)