Refer to the above figure. Excess quantity supplied will exist when
A) the price is between $0 and $6.
B) the price equals $6.
C) the price equals $10.
D) quantity demanded equals 15.
C
Economics
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If the dollar appreciates against the Canadian dollar at a faster rate than the Canadian inflation rate exceeds the U.S. rate, then the U.S. dollar appears
A) depreciated. B) overvalued. C) undervalued. D) None of the above.
Economics
Suppose investment spending is not very sensitive to the interest rate. Given this information, we know that
A) the IS curve should be relatively flat. B) the IS curve should be relatively steep. C) the LM curve should be relatively flat. D) the LM curve should be relatively steep. E) neither the IS nor the LM curve will be affected.
Economics