Refer to Figure 12.2. Suppose the economy is initially above potential GDP, and the actual inflation rate is greater than the expected inflation rate. If the Fed wants to achieve the goal of price stability, this would be represented by a
A) shift from IS1 to IS2.
B) shift from IS2 to IS1.
C) shift from MP1 to MP2.
D) shift from MP2 to MP1.
C
Economics
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If the exchange rate changes so that more Mexican pesos are required to buy a dollar, then:
A. the peso has appreciated in value. B. Americans will buy more Mexican goods and services. C. more U.S. goods and services will be demanded by the Mexicans. D. the dollar has depreciated in value.
Economics
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. If Dom's Barber Shop is maximizing profit, its total revenue equals
A. $200. B. $320. C. $350. D. $360.
Economics