The economy usually operates at point ________?
Answer: T
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Assuming all else equal, if the real interest rate increases, it will lead to:
A) a decrease in the quantity of credit demanded by a firm. B) a rightward shift of the credit demand curve of a firm. C) a leftward shift of the credit demand curve of a firm. D) an increase in the quantity of credit demanded by a firm.
At the point where marginal cost equals average variable cost,
a. b and c. b. marginal cost is rising. c. average total cost is at its minimum. d. average variable cost is falling. e. there is no total cost.
Given the slower growth in the demand for labor in the United States since 1973, the large increases in employment must be the result of:
A. decreases in the demand of labor. B. increases in the real wage. C. increases in the supply of labor. D. decreases in the supply of labor.
The Coase theorem states that when a market failure exists
A. government control of pollution is necessary. B. homeowners and those affected by the pollution will control the level of pollution. C. the outcome will be the same regardless of who owns the property right. D. the polluter will control the level of pollution.