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bundle for ECON 101: Chapter 14 QUESTION AND CORRECT ANSWER 2023//2024 Exam (elaborati
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[Mostrar más]Econ week 12 
QUICK PASS 
2023//2024 
When the central bank decides it will sell bonds using open market operations - 
ANSWER the money supply decreases 
When the central bank decides to increase the discount rate, the interest rates - 
ANSWER increase 
Atlantic Bank is required to hold 10% of de...
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Añadir al carritoEcon week 12 
QUICK PASS 
2023//2024 
When the central bank decides it will sell bonds using open market operations - 
ANSWER the money supply decreases 
When the central bank decides to increase the discount rate, the interest rates - 
ANSWER increase 
Atlantic Bank is required to hold 10% of de...
ECON 101: Chapter 14 
QUESTION AND 
CORRECT ANSWER 
2023//2024 
A 
1) Which of the following is NOT a characteristic of the market structure for monopolistic 
competition? 
A) Firms are price takers. 
B) There are a large number of firms. 
C) Firms are free to enter and exit. 
D) Firms compete on...
Vista previa 2 fuera de 13 páginas
Añadir al carritoECON 101: Chapter 14 
QUESTION AND 
CORRECT ANSWER 
2023//2024 
A 
1) Which of the following is NOT a characteristic of the market structure for monopolistic 
competition? 
A) Firms are price takers. 
B) There are a large number of firms. 
C) Firms are free to enter and exit. 
D) Firms compete on...
Econ 101: Exam 2 
When the price goes down, the quantity demanded goes up. The price elasticity of 
demand measures: 
A) how much the price goes down. 
B) how much the equilibrium price goes up. 
C) the responsiveness of the price change to an income change. 
D) the responsiveness of the quantity ch...
Vista previa 2 fuera de 8 páginas
Añadir al carritoEcon 101: Exam 2 
When the price goes down, the quantity demanded goes up. The price elasticity of 
demand measures: 
A) how much the price goes down. 
B) how much the equilibrium price goes up. 
C) the responsiveness of the price change to an income change. 
D) the responsiveness of the quantity ch...
Econ 112 CORRECT 
ANSWER 100% 
2023//2024 
The short run is a period of time in which... 
a) The amount of output is fixed. 
b) Nothing the firm does can be altered. 
c) Prices and wages are fixed. 
d) The quantities of some resources the firm uses are fixed. - ANSWER D 
The Short Run is a period...
Vista previa 2 fuera de 11 páginas
Añadir al carritoEcon 112 CORRECT 
ANSWER 100% 
2023//2024 
The short run is a period of time in which... 
a) The amount of output is fixed. 
b) Nothing the firm does can be altered. 
c) Prices and wages are fixed. 
d) The quantities of some resources the firm uses are fixed. - ANSWER D 
The Short Run is a period...
ECON 1040 CH 12 
QUESTION AND 
CORRECT ANSWER . 
1. Suppose an economy produces only ice cream cones. If the price level rises, the 
value of currency 
a. rises, because one unit of currency buys more ice cream cones. 
b. rises, because one unit of currency buys fewer ice cream cones. 
c. falls...
Vista previa 2 fuera de 7 páginas
Añadir al carritoECON 1040 CH 12 
QUESTION AND 
CORRECT ANSWER . 
1. Suppose an economy produces only ice cream cones. If the price level rises, the 
value of currency 
a. rises, because one unit of currency buys more ice cream cones. 
b. rises, because one unit of currency buys fewer ice cream cones. 
c. falls...
Econ Chapter 14 
CORRECT ANSWERS 
100% 
When reference is made to the ____________, it means the specific amount of income 
needed for a basic standard of living. 
A. poverty trap 
B. income line 
C. income gap 
D. poverty line - ANSWER D 
A situation of __________ arises when one group receives a...
Vista previa 2 fuera de 14 páginas
Añadir al carritoEcon Chapter 14 
CORRECT ANSWERS 
100% 
When reference is made to the ____________, it means the specific amount of income 
needed for a basic standard of living. 
A. poverty trap 
B. income line 
C. income gap 
D. poverty line - ANSWER D 
A situation of __________ arises when one group receives a...
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