Which of the following shifts aggregate demand to the right?
a. Congress reduces purchases of new weapons systems.
b. The Fed buys bonds in the open market.
c. The price level falls.
d. Net exports fall.
b
Economics
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When exchange rates are not determined in the market but are instead set by a country's central bank, we say that the country's exchange rate is
A) fixed. B) a real exchange rate. C) flexible. D) a nominal exchange rate.
Economics
In the long run, a monopolistic competitor will produce to the point at which
A. at the lowest possible price. B. average total costs are at the minimum of possible ATC. C. average total costs are higher than the minimum of possible ATC. D. resources are used at the lowest possible cost.
Economics