A monopoly will maximize profits at the level of output at which
A) MR = MC.
B) MR = AFC.
C) MC = ATC.
D) MC = P.
A
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Each of the four firms in an industry has a market share of 25 percent. The Herfindahl-Hirschman Index equals
A) 3,600. B) 100. C) 625. D) 25. E) 2,500.
Refer to the scenario above. What will be the future value of the deposit after 1 year?
A) $8,420 B) $8,480 C) $8,640 D) $8,820
Believers in the hypothesis of rational expectations argue that: a. expansionary fiscal and monetary policy can reduce unemployment without creating inflation. b. a trade-off exists between unemployment and inflation even in the long run
c. the Phillips curve is vertical even in the short run for expected changes in inflation. d. the Phillips curve is downward sloping even in the long run.
Cost-push inflation occurs when the factor contributing most to rising prices is increased demand for goods and services
Indicate whether the statement is true or false