The welfare effects of quotas depend, to some extent, on who has the right to import the quota restricted goods
Indicate whether the statement is true or false
TRUE
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Describe the channels through which open market purchases by the Fed affects output in an open economy
What will be an ideal response?
At a price of $10 in the above figure, there is
A) a surplus of 200 units. B) a shortage of 200 units. C) a surplus of 400 units. D) a shortage of 400 units.
For almost all goods, the:
A. lower the price goes, the higher the quantity demanded. B. higher the price goes, the more luxurious it is. C. lower the price goes, the higher demand is. D. higher the price goes, the higher the quantity demanded.
For an economy at full employment, an increase in the quantity of money will lead to which of the following sequences of shifts in aggregate demand and supply curves? aggregate supply aggregate supply aggregate supply
A) decreased aggregate demand, increased short-run aggregate supply, constant long-run aggregate supply B) decreased aggregate demand, decreased short-run aggregate supply, decreased long-run aggregate supply C) increased aggregate demand, increased short-run aggregate supply, increased long-run aggregate supply D) increased aggregate demand, decreased short-run aggregate supply, constant long-run aggregate supply