A. price equal to average cost.
B. price equal to marginal cost.
C. output where marginal cost equals marginal revenue.
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A. discount, and to depreciate.
B. premium, and to appreciate.
C. premium, and to depreciate.
A. Neoclassical.
B. Keynesian.
C. Monetarist.
A. govemments discuss, vote on, and enact fiscal policy changes.
B. policy-makers recognize the nature and extent of the economic problems precisely.
C. government expenditures on unemployment insurance payments will increase during a recession.
A. improve short-run economic efficiency.
B. benefit consumers at the expense of producers.
C. provide concentrated benefits to a small group of people.
A. The average product of labor curve, but not the total and marginal product of labor curve.
B. The marginal product of labor curve, but not the total and average product of labor curve.
C. Both the marginal product of labor and the average product of labor curve, but not the total product of labor curve.
An analyst does research about currency exchange rate and gathers the following information about euro (€)/dollar($) exchange rates:
Relative to the dollar, the euro is best described as:()
A. weak, trading at an annualized forward discount of 6.17 percent.
B. weak, trading at an annualized forward discount of 6.20 percent.
C. strong, trading at an annualized forward premium of 6.17 percent.
A. 0.25
B. 0.31
C. 0.40
A. unit elastic.
B. highly elastic.
C. highly inelastic.
A. price.
B. output per firm.
C. the number of firms.
A. Import.
B. Export.
C. Government expenditure.
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