The marginal cost curve of a firm measures
A) external costs.
B) pollution costs.
C) private costs.
D) social costs.
C
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Barter may be the only alternative: a. if the supply of money dries up. b. if the price system is not allowed to function properly. c. if disinflation sets in
d. if hyperinflation sets in. e. if fiat money is discontinued.
A single employer who faces the entire labor supply curve in an industry is a ___________.
Fill in the blank(s) with the appropriate word(s).
U.S. educational achievements ________
A) began to stagnate in the 1970s B) have always fallen behind our European and Asian counterparts C) have not had a measurable effect on U.S. growth rates D) have not been duplicated outside the U.S.
The monetarist explanations of the Great Depression focus on
a. falls in the LM curve and aggregate demand. b. falls in aggregate supply. c. fall in the IS curve and aggregate demand.. d. falls in expectations and the expected price level.