The total fixed cost of producing 600 blots equals
When organization can produce several different products together at lower cost than could a group of
single product firms operating independently, then the organization has economies of sc
1. There is a decrease in government purchases.
The statement caused a movement along the aggregate demand curve.
The aggregate demand curve shifts to the southwest. If there is a decrease in government
purchases, then the aggregate demand curve will shif
An increase in the value of money from one period to the next is called deflation.
Suppose the Federal Reserve requires the Bank of Red Sox (the only bank in existence) to hold 5 percent of
deposits as reserves. How much in excess reserves does
Which of the categories listed in the table is NOT part of the M1 money supply calculation?
A) credit card debt
B) small time deposits
C) money market mutual funds
D) savings deposits
According to the graph, as the economy moves from producing 100 chainsa
1 It is likely that:
A) prudent managers have a detailed knowledge of the compositio
B) mixing asset purchase and financing decisions could cause ma
C) none of the above.
D) A and B.
2 The present value of a cash flow allows an investor to asse
Leaving Certificate Economics
Dictionary of Terms.
Absolute advantage: Absolute advantage occurs when a country or region can create more of a
product with the same factor inputs.
Absolute poverty: Absolute poverty measures the number of people living