Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10
Refer to Table 23.10. If aggregate output equals ________, there will be a $100 million unplanned decrease in inventories.
A. $2,400 million
B. $2,800 million
C. $3,200 million
D. $3,600 million
Answer: A
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A monopolist faces an average total cost of $10 when it produces 400 units of its product. If it sells the 400 units at $6 per unit, ________
A) the monopolist makes a profit of $600 B) the monopolist makes a loss of $600 C) the monopolist makes a profit of $1,600 D) the monopolist makes a loss of $1,600
When a nation is in a debt crisis, the government's level of debt is so high that:
A. monetary policy is ineffective. B. the government is unable to find willing lenders so it can continue borrowing. C. it can only be solved with a fiscal stimulus of lower taxes and more government spending. D. other countries will be unwilling to buy goods and services from the nation.
Equilibrium in a market occurs when
A. quantity supplied and quantity demanded are equal at the market clearing price. B. price is at its minimum. C. demand and supply indicate a small surplus of a good. D. the market price leads to a decrease in quantity demanded.
The buying and selling process that leads profit-seeking investors to equalize average expected rates of return from identical assets is known
A. diversification. B. arbitrage. C. hedging. D. securitization.