Firms in which of the following industries can earn an economic profit in the long run?
A) both monopolistic competition and monopoly
B) perfect competition
C) monopoly
D) monopolistic competition
E) monopolistic competition and perfect competition
C
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Nominal GDP will increase
A) only if the quantity of final goods and services produced rises. B) if either the price level or the quantity of goods and services produced rises. C) only if the price level rises. D) only if the price level falls.
If people expect real estate prices to increase significantly, the ________ curve for bonds will shift to the ________, everything else held constant
A) demand; right B) demand; left C) supply; left D) supply; right
If you pay $4,888 for a $5,000 face value one-year Treasury bill, what is the rate of interest you will receive?
A) 1.02% B) 2.29% C) 4.46% D) 9.78%
What is "game theory"?
What will be an ideal response?