If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output and prices.
B. lower level of output and prices.
C. higher level of output at lower prices.
D. lower level of output at higher prices.
C. higher level of output at lower prices.
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What is the future value of $1 (i) after 18 years if the interest rate is 4 percent, (ii) after 12 years if the interest rate is 6 percent, (iii) after 9 years if the interest rate is 8 percent, and (iv) after 6 years if the interest rate is 12
percent?
What factors will shift the supply and demand for currency?
In year 1 the CPI is 181, and in year 2 the CPI is 195. If Dennis's salary was $95,000 in year 1, what is the minimum salary he must earn in year 2 to "keep up with inflation"?
A) $112,500 B) $102,348 C) $105,750 D) $88,180
Economists are fairly confident that globalization leads to a(n) _____________ standard of living based on their comparisons of countries with __________________ characteristics
A) increased; similar B) increased; very few similar C) decreased; similar D) decreased; very few similar