The expansion induced by a rise in the money stock will be greatest
A) the higher the level of capital mobility in an economy.
B) the lower the level of capital mobility in an economy.
C) when the economy has a fixed exchange rate.
D) when this rise is fully sterilized by the monetary authority.
A
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Refer to the scenario above. Arthur should place a bid of ________
A) $187.50 B) $200 C) $225 D) $250
Each of the following factors determine the value of a forecast except which one?
A) the accuracy of the forecast B) the slope of the marginal cost curve C) the variability of the firm's demand D) the slope of the average fixed cost curve
Suppose the price of an item in a perfectly competitive market is $3. For a firm in this market, MC = MR at an output of 100 units. The average total cost at this output level is $4 per unit, and TVC is $80. We may conclude that
A) the firm should shut down because TC > TR. B) the firm should continue to produce because P>AVC. C) the firm should shut down because its TFC is $320 and its TC is $400. D) the firm should shut down because other firms will enter the industry as the market is perfectly competitive.
An improvement in technology would shift
a. the demand curve leftward b. the demand curve rightward c. the supply curve leftward d. neither the supply nor the demand curve; instead, there is movement along both of them e. the supply curve rightward