Using the aggregate demand and aggregate supply model, a decrease of what curve is by itself consistent with the changes in prices and output that occurred during the onset of the Great Depression?


Aggregate demand

Economics

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The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper. The payoffs of this game are such that:

A. both firms would benefit from a law that made publishing coupons illegal. B. an agreement not to publish coupons would be easy to maintain because neither firm has an incentive to defect. C. profit at each firm is higher when they both follow their dominant strategy than when they both follow their dominated strategy. D. if Row Restaurant expects Column Cafe to choose its dominant strategy, then Row Restaurant should choose its dominated strategy.

Economics

A firm is most likely to experience economies of scale if its start-up costs are high and its marginal cost is ________.

A. high B. low C. decreasing D. increasing

Economics

When two people trade their initial endowments to a point on the contract curve, only the level of the endowments will determine the new allocation

Indicate whether the statement is true or false

Economics

Give a complete and concise definition of each of the following terms. a. Deliberately erected entry barriers b. Inefficiency of monopoly c. Price discrimination d. Profit-maximizing equilibrium for a monopolist

What will be an ideal response?

Economics