Regulation of the banking industry in the 1980s contributed to the demise of many savings and loans
Indicate whether the statement is true or false
F
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Suppose the market for Blu-rays has the demand and supply schedules shown in the table above. Suppose a decrease in the price of a Blu-ray player increases the quantity of disks demanded at each price by 20 million
What are the new equilibrium price and equilibrium quantity of Blu-rays?
In a given year, the value of U.S. foreign exchange transactions ________
A) are roughly equal to the value of all U.S. export and import transactions B) cannot be calculated using nominal exchange rates C) are relatively small in comparison with the value of U.S. export and import transactions D) are approximately 25 times greater than the value of U.S. export and import transactions
Economic surplus is another term for which of the following?
a. efficiency b. consumer surplus c. social surplus d. deadweight loss