Suppose a drop in prices in the stock market makes people feel less financially secure. This would cause __________ the economy's AD curve
A) movement down along
B) movement up along
C) a rightward shift of
D) a leftward shift of
D
Economics
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If a price-taker industry is in long-run equilibrium, the market price in the industry will be just sufficient to cover the firm's average
a. total costs. b. fixed costs. c. variable costs. d. variable costs plus a 10 percent accounting profit.
Economics
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was $50; in 2014, the basket's cost was $51; and in 2016, the basket's cost was $52 . The value of the CPI in 2014 was
a. 98.0. b. 102.0. c. 104.0. d. 151.0.
Economics