Average-cost pricing for a natural monopoly will:
a. result in the socially efficient level of output
b. result in a less than socially efficient level of output.
c. result in a greater than socially efficient level of output.
d. result in the firm suffering economic losses.
b
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Holding everything else constant, if total factor productivity increases, the debt-to-GDP ratio will ________, and if the labor force growth rate increases, the debt-to-GDP ratio will ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Which of the following statements would come from someone classified as unemployed?
a. I'm not working because I'm going to Jamaica with my buddy. b. I haven't had a job in a year, and I stopped looking for a job nine months ago. c. I'm a full-time student at the University of Illinois who doesn't have time to work. d. I can't stand my current job as a telemarketer. I used to be a nuclear engineer. e. I'm not working. I had three interviews this week, and I'm trying to find a job.
Structural stagnationists argue that unconventional monetary policy tools were necessary to restore order in the banking system.
Answer the following statement true (T) or false (F)