Other things the same, a decrease in the price level causes the interest rate to
a. increase, the dollar to appreciate, and net exports to increase.
b. increase, the dollar to depreciate, and net exports to decrease.
c. decrease, the dollar to depreciate, and net exports to increase.
d. decrease, the dollar to appreciate, and net exports to decrease.
c
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The change in consumption divided by the change in disposable income is equal to
A) real GDP. B) household saving. C) the slope of the consumption function. D) aggregate expenditure.
You developed a new technology for weather stripping windows. Your monopoly in this market turns out to be lucrative. Your total revenue was $75,000 and your total cost— explicit and implicit costs combined—was $25,000 . The $50,000 difference represents your
a. accounting revenue b. accounting profit c. economic profit d. economic revenue e. normal profit