Which of the following factors contribute to economic growth?
a. growth in physical capital
b. technological advances
c. an increase in the productivity of labor
d. all of the above
d
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When the real interest rate ________ the equilibrium real interest rate, there is a ________ of loanable funds and the real interest rate ________
A) is less than; shortage; falls B) is less than; surplus; rises C) exceeds; surplus; rises D) exceeds; surplus ; falls E) exceeds; shortage; rises
Explain why marginal revenue is less than price for a monopolist
Rent controls tend to _____ the housing supply and to _____ the rents that people in non-rent-controlled apartments pay.
Fill in the blank(s) with the appropriate word(s).
Refer to the graph below for a profit-maximizing monopolist. The firm will produce the quantity:
A. 0V
B. 0Y
C. 0T
D. 0X