The aggregate expenditure (AE) curve
A) includes expenditures by domestic residents only.
B) does not include expenditures on either imports or exports.
C) includes expenditures on foreign as well as domestic goods.
D) includes all expenditures on domestic goods.
E) adds expenditures on imports because they are consumed in the nation and subtracts expenditures on exports because they are consumed abroad.
D
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For direct price discrimination to work
a. The firm need not be able to identify the members of the low-value group b. The firm be able to charge the low-value customers a lower price than the higher-value customers c. The firm need not worry about any arbitrage since all its customers are charged the same price d. It needs to be too complicated for the customers to understand
A shortage of hospital beds will likely lead to
a. an increase in the supply of hospital beds. b. a decrease in the demand for hospital beds. c. an increase in the price of a hospital stay. d. a decrease in the price of a hospital stay. e. none of the above.