Holding other things constant, decreases in the price level in the US will
a. Cause the dollar to gain value
b. Cause the dollar to lose value
c. Does not affect the dollar value
d. None of the above
a
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Since income distribution and poverty are intrinsically related, they cannot be approached separately
Indicate whether the statement is true or false
The existence of economies of scale is one reason oligopolies exist because
A) a firm is able to increase price leading to increased profits. B) the marginal cost decreases as output increases. C) of strategic dependence. D) as output increases average total cost decreases leading to large-scale firms.
A company has two locations where it employs workers doing the same job and working the same hours. Other things the same most workers would prefer to live in location A, but location A has a higher cost of living than location B
a. The company likely needs to pay workers in location A more. b. The company likely needs to pay workers in location B more. c. It's not clear if the company would need to pay more to workers in location A or location B. d. The company must pay workers the same amount.
A higher required reserve ratio _________ the value of the simple deposit multiplier
A. Increases B. Decreases C. Eliminates