An increase in the dollar price of the English pound will
A. increase the supply of dollars.
B. decrease the supply of pounds.
C. cause an increase in the pound price of the dollar.
D. cause a decrease in the pound price of the dollar.
D. cause a decrease in the pound price of the dollar.
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Sheila's Sports Shop is a very popular sporting goods store, which has a yearly revenue of $600,000. Sheila runs the business herself
Her alternative employment options are to be a college swimming coach for $50,000 per year or a construction worker for $40,000 per year. Sheila spends $230,000 purchasing goods for resale to her customers. She also has four employees, who each earn $25,000 per year. Sheila owns the building that her Sports Shop is housed in and she could have rented it out for $20,000 per year. Sheila's costs for the resources that she supplies to the business equal A) $70,000 per year. B) $90,000 per year. C) $0 per year. D) $330,000 per year.
A fair price is set where P = ATC
Indicate whether the statement is true or false
In 1963, the government first adopted an official definition of poverty: families with incomes below $3,000
a. True b. False Indicate whether the statement is true or false
If the unemployment rate is below the natural rate, then
a. inflation is less than expected. As inflation expectations are revised the short-run Phillips curve will shift right. b. inflation is less than expected. As inflation expectations are revised the short-run Phillips curve will shift left. c. inflation is greater than expected. As inflation expectations are revised the short-run Phillips curve will shift left. d. inflation is greater than expected. As inflation expectations are revised the short-run Phillips curve will shift right.