A movement along the aggregate demand curve represents a change in aggregate quantity demanded
a. True
b. False
Indicate whether the statement is true or false
True
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Free-market economies have led to
A. high growth rates but low efficiency. B. high efficiency and low growth rates. C. high growth rates and high efficiency. D. low growth rates and low efficiency.
Unless you accept his 'final offer' your negotiation opponent threatens to scrap the whole deal:
a. His threat is more believable if both parties would be harmed by scrapping the deal b. His threat is more believable if he has invested resources that lower his return to other options c. His threat is more believable if he puts his threat 'in writing' d. His threat is more believable if he has balked at this course of action in the past
If marginal revenue product is less than price of the input, the firm should use more of the input
a. True b. False Indicate whether the statement is true or false
If the price of the good measured on the horizontal axis falls, a consumer's budget line
A) becomes flatter. B) becomes steeper. C) shifts rightward and its slope does not change. D) shifts leftward and its slope does not change.