Entry of a second firm will result in a downward shift in the ATC curve.
Answer the following statement true (T) or false (F)
False
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When consumers realize additional income in a household and spend the additional monies, the portion of the additional income that is spent is measured by the
A) marginal propensity to consume. B) measure of individual wealth. C) credit increase theory. D) aggregate demand factor.
During the 1930s,
a. ordinary citizens were not allowed to hold gold. b. the US government fixed the price at which the Treasury would by and sell gold. c. production of gold soared. d. All of the above are correct. e. Only a and b are correct.
Why might the Fed decide to monetize the deficit?
a. to keep inflation low b. to reduce the structural deficit c. to reduce the budget deficit d. to keep interest rates low
A change in the price of a good causes: a. a change in the quantity demanded and therefore results in a movement along the given demand curve for the good. b. a change in demand and therefore results in a movement along the given demand curve for the good
c. a change in the quantity demanded and therefore results in a shift in the demand curve for the good. d. a change in demand and therefore results in a shift in the given demand curve for the good.