Which of the following shocks could trigger an expansion?
a. A large cut-back in military spending.
b. A large increase in the price of oil.
c. A sudden decrease in consumption.
d. A large military buildup.
e. A sudden decrease in investment.
D
Economics
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If the British sell more Rolls Royce cars to the United States, the United States __________ more pounds and __________ more dollars in the foreign exchange market
A) supplies; supplies B) supplies; demands C) demands; supplies D) demands; demands
Economics
Under the kinked demand curve model, a small increase in marginal cost will lead to
A) an increase in output level and a decrease in price. B) a decrease in output level and an increase in price. C) a decrease in output level and no change in price. D) neither a change in output level nor a change in price.
Economics