Total revenue can be defined as:
A. the amount that a firm receives from the sale of goods and services.
B. the amount that a firm spends on all inputs that go into making a good or service.
C. the total amount a firm spends on all inputs used in production.
D. the total number of sales of a good or service by a firm.
A. the amount that a firm receives from the sale of goods and services.
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Everything else held constant, if a central bank makes an unsterilized sale of foreign assets, then the domestic money supply will ________ and the domestic currency will ________
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
Which of the following would lead to stagflation?
a. demand-pull inflation b. cost-push inflation c. both of the above d. none of the above