In financial markets, leverage refers to:
A) the use of borrowed money in an investment
B) the power to influence the market
C) the use of political connections in attaining financial outcomes
D) the role that speculators have in impacting market outcomes
A
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The slope of the aggregate supply curve shows that, all else the same, the
A) quantity of real GDP supplied increases as the price level increases. B) price level remains constant as potential GDP increases. C) price level remains constant as real GDP increases. D) quantity of real GDP supplied remains constant as the price level increases. E) quantity of real GDP supplied decreases as the price level increases.
Arnie's Airlines is a monopoly airline that is able to price discriminate. If Arnie's decides to price discriminate, then
A) Arnie's profit increases. B) consumer surplus increases. C) Arnie's revenues decrease. D) Arnie's sells fewer tickets. E) Arnie can no longer set a price that depends upon the buyer's willingness to pay.