Possible sources of economies of scale (size) within a production plant include:
a. specialization in the use of capital and labor
b. imperfections in the labor market
c. transportation costs
d. a and b
e. a and c
a
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According to Keynes, the primary cause of large-scale unemployment is inadequate _____.
Fill in the blank(s) with the appropriate word(s).
The law of demand says that the lower the price of a good, other things constant,
a. the smaller the demand for that good b. the larger the demand for that good c. the smaller the quantity demanded of that good d. the larger the quantity demanded of that good e. the smaller the real income of consumers and the lower the quantity demanded of that good
A price taker is a buyer or seller who:
A. has the goal of maximizing market share, not profits. B. has complete control over setting the market price. C. can influence the market price. D. has no control over setting the market price.
Suppose the central bank implements a monetary expansion in the current period and is not expected to continue this policy in the future. Explain what effect this policy will have on the shape of the yield curve and on stock prices
What will be an ideal response?