If a cyclical surplus exists, the economy must be:
A. experiencing deflation.
B. at potential income.
C. above potential income.
D. below potential income.
Answer: C
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Fast Food Terminals Taco Casa is considering installing touch screen terminals for patrons to place their food orders. They discovered that installation costs at stores with four screens were $60,000 but were $80,000 at stores with six terminals. What are the marginal costs of installing another terminal at a location?
A decrease in the marginal product of labor would be represented by
a. increase in labor demand. b. decrease in labor demand. c. increase in the quantity demanded of labor. d. decrease in the quantity demanded of labor. e. an increase in wages.
Which statement is true?
A. Oligopoly does not exist in the U.S. B. Most business firms in the U.S. are oligopolies. C. Most large firms in the U.S. are oligopolies. D. Oligopoly is virtually all cutthroat in the U.S.
Govts want savings to increase, ____
a. so that loan interest rates will increase b. so that spending on business investment will increase c. so that immigration will increase d. all