If exports are $500, GDP is $8000, government purchases are $1200, imports are $700, and investment is $800, then consumption is $6200
a. True
b. False
Indicate whether the statement is true or false
True
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If individuals decide to save more for retirement,
A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward. E) an excess supply of loanable funds emerges and persists.
If firms in a monopolistically competitive market are earning negative economic profits, the demand curve of a single firm will likely:
A. shift right, as other firms leave the industry. B. shift left, as other firms leave the industry. C. shift right, as other firms enter the industry. D. shift left, as other firms enter the industry.
Computer technology has enhanced a manager's ability to "know the customer."
Indicate whether the statement is true or false
A monopolist can choose a price & quantity combination that is above the demand schedule
a. True. b. False.