According to the above table, the equilibrium price of earbuds is
A. $16.
B. $10.
C. $12.
D. $14.
Answer: C
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The goal of endogenous growth theory is to explain ________
A) supply and demand in individual markets B) the causes of technological advance C) the business cycle D) the relationship between economic growth and the rates of inflation and unemployment
Briefly explain how a technology spillover can help society while harming the originator of the technology, and describe the role of patents in the process.
What will be an ideal response?
The Federal Reserve monetary policy goals of maximum employment mean..
What will be an ideal response?
Suppose the Fed permanently increases the money supply by a given amount. Which of the following is most likely to occur in the long run as a result of this monetary policy action?
A. a reduction in the real interest rate B. an increase in employment C. a decrease in unemployment D. none of these