The theoretical proposition that the price level is just a numeraire and should not affect aggregate expenditures suggests the AD curve is:
A. downward sloping.
B. upward sloping.
C. horizontal.
D. vertical.
Answer: D
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Refer to the scenario above. What is the sum of the present values of the returns from this investment?
A) $12,887.64 B) $14,634.90 C) $19,524.69 D) $29,524.19
Which industry has the highest four-firm concentration ratio?
A) college bookstores B) retail gasoline stations C) cigarettes D) discount department stores
If a Thai citizen borrowers dollars for a few months, hedging should take place if
a. the dollar is expected to fall in value over that time b. the dollar is expected to rise in value over that time c. the dollar is expected to fluctuate considerably over that time d. the dollar is expected to remain stable over that time e. none of the above
An example of peak pricing is charging
A. more for long-distance phone calls in the daytime. B. less for electricity at night. C. more for public transportation in rush hours. D. All of the above are true.