An exchange rate appreciation will shift the aggregate demand curve inward.
Answer the following statement true (T) or false (F)
True
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If an individual moves money from a savings deposit account to a money market deposit account
A) M1 decreases and M2 stays the same. B) M1 stays the same and M2 increases. C) M1 stays the same and M2 stays the same. D) M1 increases and M2 decreases.
Buyers of a good bear the larger share of the tax burden when the (i) supply is more elastic than the demand for the product. (ii) demand in more elastic than the supply for the product. (iii) tax is placed on the sellers of the product. (iv) tax is placed on the buyers of the product
a. (i) only b. (ii) only c. (i) and (iii) only d. (i) and (iv) only
Monopolistically competitive firms can earn profits in the long run by:
A. monopolistically competitive firms only earn zero profits in the long run. B. continually innovating to differentiate their product. C. price discriminating. D. further minimizing their costs.
In what situation would a macroeconomist find real gross domestic product most useful?
a. when reporting the figures for economic growth in the latest quarter b. when comparing economic growth during two different decades c. when measuring the change in the unemployment rate over the past decade d. when analyzing what factors affect changes in the price level over time