Business, 20.04.2020 19:13, hilarydodard7099
Assume an economy with no international sector.
(a) Explain how a decrease in the money supply will affect interest rates.
(B)explain how the change in the interest rate you defined in part (a) will directly affect each of the three components of aggregate demand for this closed economy.
(C) explain how the change in interest rate you defined in part (a) Will affect each of the following in the short run
•output
• price level
Answers: 1
Business, 22.06.2019 11:50, vdirectioner7634
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Answers: 3
Business, 22.06.2019 21:10, dooboose15
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
Business, 22.06.2019 22:30, chad65
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
Assume an economy with no international sector.
(a) Explain how a decrease in the money supply...
(a) Explain how a decrease in the money supply...
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