Which of the following is not a reason the aggregate-demand curve slopes downward? As the price level increases,
a. firms may believe the relative price of their output has risen.
b. real wealth declines.
c. the interest rate increases.
d. the exchange rate increases.
a
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The demand by all the consumers of a given good or service is the ________ for the good or service
A) market demand B) scheduled demand C) quantity demanded D) law of demand
What happens in the secondary market?
A) a corporate financial manager will raise funds for expansion of the firm B) secondary inputs like electricity are sold C) newly issued claims are sold by the borrowing firm to the initial buyer D) already issued claims are sold from one investor to another
The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the
a. U.S. Steel case b. Brown Shoe case c. Von's Grocery case d. ALCOA case e. Pabst Brewing case
In Figure 8.10, airline Fly Smart is initially a secure monopoly between two cities X and Y at point M, serving 300 passengers per day at the profit-maximizing price of $300 per ticket. What is Fly Smart's total profit as a secure monopoly?
A. $60,000 B. $40,000 C. $44,400 D. $33,600