Pure monopoly markets are very common in the real world
a. True
b. False
Indicate whether the statement is true or false
False
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Cheap talk
A) is never credible. B) is illegal. C) generally affects the game's payoffs. D) can be credible when both firms have an incentive to be truthful.
In the self-correcting AD-AS model, the economy's short-run equilibrium position is indicated by the intersection of which two curves? a. Short-run aggregate supply and long-run aggregate supply
b. Short-run aggregate supply and aggregate demand. c. Long-run aggregate supply and aggregate demand. d. Long-run aggregate demand and short-run personal consumption expenditures curve. e. Short-run aggregate demand and long-run personal consumption expenditures curve.
Expansionary fiscal policy:
What will be an ideal response?
A demand curve that has constant price elasticity of demand coefficient equal to one at all points is a (an):
a. None of the answers are correct. b. upward-sloping straight line. c. rectangular hyperbola. d. downward-sloping straight line.