As new firms enter an increasing-cost industry
A. the LRAC curve shifts up.
B. the position of the LRAC curve doesn't change, but firms move down their LRAC curve.
C. the position of the LRAC curve doesn't change, but firms move up their LRAC curve.
D. the LRAC curve shifts down.
Answer: A
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The table above gives some of the entries in the national income and product accounts. The government sector has a ________, and the private sector has a ________
A) surplus of $50 billion; surplus of $25 billion B) deficit of $50 billion; surplus of $25 billion C) surplus of $50 billion; deficit of $25 billion D) deficit of $50 billion; deficit of $25 billion
The discount rate is kept ________ the federal funds rate because the Fed prefers that ________
A) below; banks borrow reserves from each other B) below; banks borrow reserves from the Fed C) above; banks borrow reserves from each other D) above; banks borrow reserves from the Fed
The international unit of accounting used by the IMF is the
A) euro. B) special financial right. C) special drawing right. D) dollar.
Selection bias can distort the results of research studies.
Answer the following statement true (T) or false (F)