Why, in principle, would one expect the ad curve to be vertical? one expects the ad curve to be vertical because when the price level rises, people's real wealth also rises, which offsets the negative effect that a higher price level has on the quantity of aggregate demand. all prices rise together. that is, since wages have risen as much as prices for consumer goods, no relative prices have changed and therefore people's decisions to consume should not change either. nominal interest rates also rise, which offsets the negative effect that a higher price level has on the quantity of aggregate demand?

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not