B opportunity costs c xed costs d explicit costs

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b. opportunity costs. c. ±xed costs. d. explicit costs. This study resource was shared via CourseHero.com
5/22/2019 Graded Quiz Unit 6 4/9 Question 7 Not yet answered Marked out of 1.00 Question 8 Not yet answered Marked out of 1.00 In the economy of a city called “Heaven” the aggregate demand is illustrated with the AD curve. Suppose that after a relative directive comes directly by the Fed, the Board of Directors has taken the decision to reduce the money supply. How such a policy will be illustrated in the above ±gure and regarding its aggregate demand. Select one: a. By a relocation of AD curve to AD b. By a relocation of AD curve to AD c. By remaining at the same demand curve AD d. The Figure 1 is not capable to describe the above statement An oligopoly knows that its _______ a²ect(s) its _______ and that the _______ of its rivals will a²ect it. Select one: a. actions; rivals; reactions b. price changes ; total revenue in a positive way; reactions c. actions rarely; rivals; actions d. price increases; total revenue in the long run only; large but not small price changes 0 1 2 0 This study resource was shared via CourseHero.com
5/22/2019 Graded Quiz Unit 6 5/9 Question 9 Not yet answered Marked out of 1.00 Question 10 Not yet answered Marked out of 1.00 Question 11 Not yet answered Marked out of 1.00 If the CPI is 120 in 2005 and 150 in 2006, what is the rate of in³ation over this period? Select one: a. 8% b. 20% c. 25% d. 30% The market for plumbing services in a city can be characterized by the model of monopolistic competition. Suppose that the market is initially in long-run equilibrium, and then there is an increase in demand for plumbing services. We expect that in the long run: Select one: a. ±rms will leave the plumbing market. b. there will be a short-run increase in the number of ±rms, but then the number will return to the original level. c. new ±rms will enter the plumbing market. d. ±rms will shut down, but they will not leave the industry. Which one of the following is an example of a frictionally unemployed individual? Select one: a. Martin, who lacks the skills necessary to be employed as a machinist. b. Lee, who lost his job as an art director because of a recession.

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