21) When the U.S. price level rises relative to other nations’ price levels, then A) U.S. firms’ profits increase and the aggregate demand curve shifts rightward. B) U.S. exports increase and the aggregate demand curve shifts rightward. C) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts leftward. D) U.S. exports decrease, U.S. imports increase, and there is a movement upward […]
5.5 Integrative Questions 1) Suppose an increase in supply lowers the price from $10 to $8 and increases the quantity demanded from 100 units to 130 units. Using the midpoint method, the elasticity of demand equals A) 1.17. B) 0.85. C) 0.26. D) 1.56. E) None of the above answers is correct. 2) Suppose a decrease in supply raises the price from $4.00 to […]
38) According to the Ricardo-Barro effect, an increase in the government budget deficit A) does not change the real interest rate. B) lowers the real interest rate. C) shifts the supply of loanable funds curve leftward. D) has no effect on the nominal interest rate but does change the real interest rate. E) shifts the demand for loanable funds curve leftward. 39) The Ricardo-Barro […]
Case 2.2 You are the HR manager at Steel City, Inc., a firm that is considering going global in its product line and markets. The president realizes that this may require a reorganization. She wants to move into new international markets with minimum time and effort. She also wants to reduce management overhead and labor costs. At the same time, employees have […]
Multiple Choice 28.Which of the following did the chapter overview say is/are true about diversity across the globe? a.The proportion of working women has increased in all of the countries of the Organization for Economic Cooperation and Development. (page 192, moderate) b.As a result of democratic changes in Eastern European countries, there has been a reversal of migration from Western Europe back to the […]
31) The Lucas supply function, in combination with the assumption that expectations are rational, implies that announced policy changes A) will have no effect on the actual price level. B) will have no effect on real output. C) will have no effect on the expected price level. D) will have no effect on nominal output. 32) According to the Lucas supply function, if people’s […]
9.1 Multiple Choice Questions 1) A catalyst is A) a reactant in a chemical reaction. B) a product in a chemical reaction. C) a substance that speeds up a reaction without being consumed in the reaction. D) a substance that increases the energy of the products. E) a substance that decreases the energy of the products. 2) When a reaction is at equilibrium, A) all […]
41) Everything else held constant, the vertical section of the supply curve of reserves is lengthened when the A) discount rate increases. B) discount rate decreases. C) federal funds rate rises. D) federal funds rate falls. 42) In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, an increase in […]
6.2 Value, Price, and Consumer Surplus 1) Which describes the economic meanings of value and price? A) Value is exchange worth minus marginal benefit and price is the dollars that must be paid. B) Value is the marginal benefit obtained and price is the dollars that must be paid. C) Value refers to the gain the producer gets from the good or service […]
7.4 The Efficient Market Hypothesis: Rational Expectations in Financial Markets 1) The theory of rational expectations, when applied to financial markets, is known as A) monetarism. B) the efficient markets hypothesis. C) the theory of strict liability. D) the theory of impossibility. 2) According to the efficient markets hypothesis, the current price of a financial security A) is the discounted net present […]
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pisces38My ratings speak for themselves. Always great and always on time!! Thanks again.
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directfx1kim936kim936kim936L1012Didn't complete task and doesn't respond to my messages!!!
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