Refer to the above data. This nation's exports are:
a. $9 billion
b. $28 billion
c. $16 billion
d. $24 billion
Answer: d. $24 billion
Economics
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Other things the same, if the central bank decreases the rate at which it increases the money supply, then in the long run
a. the short-run Phillips curve shifts right. b. the short-run Phillips curve shifts left. c. the long-run Phillips curve shifts right. d. the long-run Phillips curve shifts left.
Economics
Marginal utility is
A) the utility received from consuming one unit of a good. B) the change in total utility due to a one-unit change in the quantity of a good consumed. C) the total utility received from consuming a certain quantity of a good divided by the quantity. D) the utility received by the last consumer of a good.
Economics