A devaluation of the exchange rate will
A. lead to a financial account surplus.
B. shift the IS curve to the right.
C. shift the FE curve to the left.
D. shift the LM curve to the right.
Answer: B
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________________ and ______________ are often found together in a market.
A. Monopolistic competition; oligopoly B. Perfect competition; oligopoly C. Monopoly; oligopoly D. Monopolistic competition; monopoly
In the long run in a perfectly competitive market:
A. firms earn positive economic profits. B. supply is perfectly inelastic when all firms have the same cost structure. C. firms operate at an efficient scale. D. All of these are true.
Which goes exclusively to the poor?
A. Medicaid B. Medicare C. Social Security D. Unemployment insurance benefits
A seller's willingness to sell is
a. measured by the seller's cost of production. b. related to her supply curve, just as a buyer's willingness to buy is related to his demand curve. c. less than the price received if producer surplus is a positive number. d. All of the above are correct.