Mutual interdependence applies to actions of:
a. monopolistic competitors.
b. oligopolists.
c. perfect competitors.
d. monopolists.
e. firms operating in different industries.
b
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Which of the following would not shift the aggregate demand curve?
A. Income tax rates B. Real interest rates C. Productivity rates D. Foreign-exchange rates
___________ is the ability to recognize and use resources effectively
a. Efficiency b. Intuition c. Helpfulness d. Resourcefulness
The hidden-cost fallacy occurs when
a. A firm considers irrelevant costs b. A firm ignores relevant costs c. A firm considers overhead or depreciation costs to make short-run decisions d. Both a and c
Under current policy, the Fed ties the discount rate to the
a. prime rate. b. AAA corporate bond rate. c. federal funds rate. d. long-term government bond rate.