Refer to Figure 9.7. After the policy, consumer surplus became
A) $0.
B) $10.
C) $20.
D) $20,000.
E) $40,000.
D
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Suppose the price level is 115.00 at the end of 2020, 112.02 at the end of 2021, and 109.08 at the end of 2022 . Can we accurately describe the period 2021-2022 as a period of disinflation?
Which of the following explains why elected representatives will find borrowing to be an attractive method of financing current government programs?
What will be an ideal response?
The United States and Brazil are competitors in the world soybean market. In the late 1960s and early 1970s, the Brazilian government developed regulations designed to encourage Brazilian soybean production and exports
An unanticipated effect of the Brazilian regulations was to stimulate U.S. soybean production and exports. The type of economic analysis that would explain and predict these effects is called A) closed economy macroeconomics. B) international economics. C) partial equilibrium analysis. D) full market analysis. E) general equilibrium analysis.
If the home currency has a real depreciation, what is the situation?
A) it takes more home goods to purchase the same quantity of foreign goods B) it take fewer home goods to purchase the same quantity of foreign goods C) the nominal exchange rate must have risen D) the nominal exchange rate must have fallen