A fall in the real interest rate, all other things held constant, will cause a country's ________ to ________
A) current consumption: increase
B) current consumption: decrease
C) terms of trade; improve
D) terms of trade; worsen
E) welfare level; improve
A
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What is the average cost per unit for producing 3 units?
a. 200 b. 260 c. 70 d. 110
Empirical evidence across numerous countries indicates that changes in the ________ are associated with nearly equiproportional changes in ________.
A. price level, money supply B. money supply, price level C. money supply, real Gross Domestic Product (GDP) per year D. real Gross Domestic Product (GDP) per year, income velocity of money
Refer to the below schedules. Suppose that price influences the availability of the economic resource, and the equilibrium price is $2. Which resource supply schedule would apply in this case?
Use the following demand schedule and possible supply schedules, A-D, to answer the question.
A. A
B. B
C. C
D. D
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher