The market demand curve in an oligopolistic market is downward sloping
a. True
b. False
Indicate whether the statement is true or false
False
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What factors shift the demand for labor curve? Briefly describe the effect of each
What will be an ideal response?
A monopolist will operate at the quantity where: a. MR = MC and charge a price equal to marginal revenue
b. MR = MC and charge a price equal to average variable cost. c. MR = MC and charge a price corresponding to demand at that level. d. MR = MC and charge a price corresponding to average total cost at that level.
The tax cuts of 2008 and 2009 were effective because consumers believed that they were temporary
a. True b. False Indicate whether the statement is true or false
A decrease in private sector borrowing and spending caused by increased government borrowing is
A. Crowding out. B. Fiscal stimulus. C. Crowding in. D. The GDP gap.