A brand name may contribute to oligopolists' economic profit by
a. shifting the demand curve leftward
b. shifting the supply curve leftward
c. overcoming economies of scale
d. acting as a barrier to entry
e. reducing advertising costs
D
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When the FOMC raises the federal funds rate, almost immediately ________, and a few weeks later the ________
A) short-term interest rates fall; quantity of money and supply of loanable funds decrease B) long-term interest rates rise; quantity of money and supply of loanable funds increase C) long-term interest rates rise; quantity of money and supply of loanable funds decrease D) short-term interest rates rise; quantity of money and supply of loanable funds decrease E) short-term interest rates fall; quantity of money and supply of loanable funds increase
As price increases, demand typically
a. becomes more elastic b. becomes less elastic c. does not change d. elasticity does not change
The balance between spending flows into a country and spending flows out of that country is called a country's
A. current account. B. capital account. C. foreign exchange. D. balance of payments.
In a certain economy, the components of planned spending are given by: C = 500 + 0.8(Y - T) - 300rI P = 200 - 400rG = 200NX = 10T = 150 Given the information about the economy above, which expression gives induced expenditures?
A. 0.8Y B. [910 ? 700r ] C. 0.2Y D. [790 ? 700r ]