Full-employment equilibrium occurs when...
What will be an ideal response?
real GDP equals potential GDP
Economics
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For price-taking producers, isoprofit curves are always parallel to one another.
Answer the following statement true (T) or false (F)
Economics
If Ep is 3500 and Y is 3000, then
A) planned inventory accumulation is 500. B) planned inventory depletion is 500. C) unplanned inventory accumulation is 500. D) unplanned inventory depletion is 500.
Economics
A normal good is one for which
A) demand increases as income increases. B) demand increases as income decreases. C) the demand curve is horizontal. D) demand increases as the price of a substitute increases.
Economics
Refer to the diagram. At output level Q total fixed cost is:
A. 0BEQ.
B. BCDE.
C. 0BEQ - 0AFQ.
D. 0CDQ.
Economics