State how each of the following affect the aggregate demand curve
a. The price level increases.
b. Consumers expect higher inflation in the future.
c. The exchange rate rises.
d. Foreign income decreases.
a. There is a movement upward along the aggregate demand curve. The aggregate demand curve does not shift.
b. The aggregate demand curve shifts rightward.
c. The aggregate demand curve shifts leftward.
d. The aggregate demand curve shifts leftward.
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Which of the following are important for countries to promote with property rights and incentives if economic growth is to occur?
i. specialization ii. saving and investment iii. increases in human capital iv. discovery of new technology A) iii and iv. B) ii and iii. C) ii and iv. D) i, ii, iii and iv. E) i, ii and iv only.
Refer to the data provided in Table 9.4 below to answer the question(s) that follow. Table 9.4qTFCTVCTCMCAVCATC0$100 $0$100 ---- -- 11004014040 40 140 21006016020 30 80 31009019030 30 63.334100124 224 343156 5100180 280 56 36 56 6100 264 364 84 44 60.677100 372 472 108 53.14 67.42Refer to Table 9.4. At a market price of $56, if the firm produces where MR = MC, then it would produce ________ units of output and earn an economic profit of ________.
A. 4; $0 B. 0; -$100 C. either 4 or 5; $0 D. 5; $0