In maximizing net gains, the perfectly competitive firm will seek to:
a. minimize average variable cost.
b. minimize average total cost.
c. minimize marginal cost.
d. maximize profit.
Ans: d. maximize profit.
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The real GDP per capita allows economic comparison between countries
Indicate whether the statement is true or false
German luxury car exports were hurt in 2009 as a result of the recession. How would this decrease in exports have affected Germany's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right. B) The aggregate demand curve would have shifted to the left. C) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve. D) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.