Examlex
Which of the following is considered a 'supply shock'?
Marginal Revenue
The increase in financial returns a business achieves by disposing of one more unit of a good or service.
Marginal Cost
Marginal cost is the additional cost incurred from producing one more unit of a good or service, vital for decision-making on production levels.
Purely Competitive Firm
A company in a market where there are many buyers and sellers, the products are homogeneous, and there are no barriers to entry or exit, leading to zero economic profit in the long run.
Sinking Funds
Specialized funds set aside or saved by a company to repay debt or bonds, or to replace capital assets in the future.
Q7: The Reserve Bank of Australia intervenes in
Q13: Are savings and spending on imports included
Q16: Maintaining a strong exchange rate for the
Q28: An increase in real GDP will _
Q35: What did Milton Friedman and Edmund Phelps
Q73: When we graph consumption as a function
Q84: 'Actual investment' spending includes spending by consumers
Q91: Explain the three main types of unemployment
Q98: What role does the Reserve Bank of
Q100: A decrease in interest rates will usually:<br>A)decrease