The aggregate supply curve shows how much the nation's businesses are willing and able to produce at each price level
a. True
b. False
Indicate whether the statement is true or false
True
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A corporation has legal status like an individual citizen.
Answer the following statement true (T) or false (F)
A monopoly has
a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. A downward sloping demand curve d. A upward sloping demand curve
In recent years, the Fed has chosen to target interest rates rather than the money supply because
a. Congress passed a law requiring them to do so. b. the President requested them to do so. c. the money supply is hard to measure with sufficient precision. d. changes in the interest rate change aggregate demand, but changes in the money supply do not.
The idea of the Law of Demand, as applied to electric cars, assumes which of the following to be constant?
A. Price of electric cars B. Price of gasoline cars C. Quantity of electric cars demanded by buyers D. How much sellers are charging customers for electric cars