For a change to be potentially efficient, no one can be made worse off.
Answer the following statement true (T) or false (F)
False
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The productivity slowdown of the 1970s occurred:
A. only in the U.S, the United Kingdom, and Japan. B. only in the U.S. C. only in the U.S. and the United Kingdom. D. around the world.
The Board of Governors of the Federal Reserve System has
A) 12 members appointed by the president of the United States. B) seven members appointed by the president of the United States. C) seven members appointed to life terms. D) seven members elected by the public. E) 12 members elected by the public.
What happens to an incumbent firm's demand curve in monopolistic competition as new firms enter?
A) It shifts right. B) It shifts left. C) It becomes horizontal. D) New entrants will not affect an incumbent firm's demand curve.
Asset price bubble is an increase in the price of assets that goes far beyond what can be justified by improving the fundamentals.
Answer the following statement true (T) or false (F)