Which word or phrase best completes the following sentence? Marginal analysis means evaluating _________ changes from a current situation.
a. positive or negative.
b. infinite
c. alternating.
d. maximum.
a
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A monopoly creates a deadweight loss because the monopoly produces less than the efficient quantity
Indicate whether the statement is true or false
If the initial deposit into the banking system is $500 billion, and if the total $8,000 billion represents the maximum money supply permissible, then the potential money multiplier must be
a. 8 b. 8.3 c. 11 d. 16 e. 20
On the downward sloping portion of a firm's long-run average cost curve, it is experiencing
A. diseconomies of scale. B. constant returns to scale. C. economies of scale. D. diminishing marginal returns.
In the long run, the Phillips curve will be ________ at the natural rate of unemployment if the long-run aggregate supply curve is vertical at potential output.
A. positively sloped B. vertical C. negatively sloped D. horizontal