Refer to the above figure. Suppose the economy is at E originally, when the dollar increases in value. Which aggregate supply curve applies if the value of real GDP increases?
A. 1
B. 2
C. 4
D. 5
Answer: A
Economics
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The pricing rule for a monopolist is:
A) P = MR > MC. B) P > MR > MC. C) P = MR = MC. D) P > MR = MC.
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Upon acquiring a complement the inter-relatedness of demand leads to, MR________
a. Rising b. Falling c. Staying constant d. None of the above
Economics
In the health insurance field, asymmetric information creates problems _____ insurance contracts are signed; moral hazard causes problems_____ insurance contracts are signed
a. Before; before b. Before; after c. After; after d. After; before
Economics
Refer to the graph below. The movement from __________ to __________ is consistent with a successful advertising campaign that claims wool keeps you warm.
a. Point A; Point B
b. Point A; Point F
c. Point A; Point D
d. Point A; Point H
Economics