The short-run shutdown rule is to shut down if:
A. P > AVC.
B. P < AVC.
C. P > ATC.
D. P < ATC.
B. P < AVC.
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Describe the differences between classical and Keynesian economists in terms of their views about monetary neutrality
What will be an ideal response?
Which of the following economic theories became popular in the 1930s in response to the shortcomings of existing theories of the Great Depression?
a. New classical theory b. Classical theory c. Traditional Keynesian theory d. Monetarist theory e. New Keynesian theory
The effect of higher wages on the individual supply of labor is ________ and the effect of higher wages on the market supply of labor is ________.
A. ambiguous; to increase the quantity supplied B. to increase the quantity supplied; ambiguous C. ambiguous; to decrease the quantity supplied D. to decrease the quantity supplied; ambiguous
Dividends are
A. corporate profits distributed to shareholders. B. promissory notes issued by corporations. C. government profits distributed among bondholders. D. capital gains realized by stockholders.