In an oligopoly
A) there are only a few firms.
B) there is no product differentiation.
C) there is free entry and exit.
D) firms' decisions are unrelated to each other.
A
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The socialist countries of Eastern Europe have
A. fewer environmental problems than capitalist countries. B. improved their environment more than the capitalist countries. C. worse environmental problems than capitalist countries. D. worsened since the collapse of communism there.
GPDI is ________ volatile than total consumption spending
A) much more B) slightly more C) slightly less D) much less
Which of the following statements is correct about a shift of the aggregate demand curve?
a. A shift of the aggregate demand curve to the right leads to a greater real GDP and to downward pressure on the price level. b. A shift of the aggregate demand curve to the left leads to a greater real GDP and to downward pressure on the price level. c. A shift of the aggregate demand curve to the right leads to a greater real GDP and to upward pressure on the price level. d. A shift of the aggregate demand curve to the left leads to a greater real GDP and to upward pressure on the price level.
You know an economist has crossed the line from scientist to policy adviser when he or she
a. claims that the problem at hand is widely misunderstood by non-economists. b. talks about the evidence. c. makes normative statements. d. makes a claim about how the world is.