Which of these statements are FALSE
a. If production exhibits diseconomies of scope, firm should reduce the number of products to reduce costs.
b. If production exhibits diseconomies of scope, firm should increase the number of products to reduce costs.
c. If production exhibits economies of scope, firm should increase the number of products to reduce costs.
d. If production exhibits economies of scope, firm should increase the number of products to reduce costs.
b
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Consider an economy that has the following monetary data. The monetary base and the money supply are expected to grow at a constant rate of 20% per year. Inflation and expected inflation are 20% per year
Suppose that bank reserves and currency pay no interest, all currency is held by the public, and bank deposits pay no interest. What is the cost to the public of the inflation tax? A) $60 B) $140 C) $190 D) $200
An increase in wage rate, other things constant, shifts the aggregate supply curve downward
a. True b. False Indicate whether the statement is true or false
The actual price level is assumed to be constant along a given short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
General Motors? (GM) is the largest United Statesdash-based auto manufacturing corporation. Who is the highest ranking officer at? GM?
A. Chief executive officer B. Chief operating officer C. Chief financial officer D. Chief information officer E. Chairman of the board