If the exchange rate between yen and dollars were 120 yen per dollar, when an American purchases a good valued at 600 yen, its cost in dollars would be:
a. $5

According to the total revenue test, a price cut increases total revenue if demand is

A) inelastic. B) perfectly inelastic. C) elastic. D) unit elastic.

If technological change increases the profitability of new investments for firms, then the ________ curve for loanable funds will shift to the ________

A) demand; right B) demand; left C) supply; right D) supply; left