A. Increasing North Sea oil production
B. Reducing unemployment
C. Achieving a sustainable rate of economic growth
D. Reducing inflation
A. not be affected
B. fluctuate more than if exports were lower
C. depreciate
D. appreciate
A. raises the value of the multiplier
B. has no impact on the value of the multiplier?
C. rarely occurs because the MPC is set by congressional legislation
D. lowers the value of the multiplier
A. the monopolist faces a downward-slog demand curve while the monopolistic competitor faces an elastic demand curve
B. the monopolist charges a price above marginal cost while the monopolistic competitor charges a price equal to marginal cost
C. The monopolist makes economic profits in the long run while the monopolistic competitor makes zero economic profits in the long run
D. Both the monopolist and the monopolistic competitor operate at the efficient scale
A. amount the which the EU’s support price exceeds the world price
B. amount by which the world price exceeds the EU’s support price
C. support price of the EU
D. world price
A. None of these answers All of them are asymmetric macroeconomic shocks
B. A sudden and substantial fall in the worldwide demand for French wine
C. An epidemic of an animal disease in a country that significantly reduces the country’s agricultural output
D. A sudden and substantial rise in prices on the world oil market
A. a fall in living standards
B. a more youthful population
C. an ageing population
D. an increase in population