If the industry in the above figure was perfectly competitive, the level of output would
A) be less than the single-price monopoly level of output.
B) be the same as the single-price monopoly level of output.
C) exceed the single-price monopoly level of output by 20 units per day.
D) exceed the single-price monopoly level of output by 60 units per day.
C
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A small open economy increases its investment demand. This causes the world real interest rate to ________ and the country's current account balance to ________
A) rise; fall B) remain unchanged; rise C) rise; rise D) remain unchanged; fall
Suppose in 2000 . nominal GDP in Russia was 1000 rubles and it increased to 2000 rubles in 2001 . If we know that the base year is 2000 and the GDP deflator in 2001 is 100, then of the 1000 ruble increase in nominal GDP, ______ represents an increase in prices only
a. none, or 0 rubles b. all, or 1000 rubles c. 500 rubles d. 2000 rubles e. 100 rubles