A downward-sloping demand curve
a. is a feature of all monopolistically competitive firms.
b. means that the firm in question will never experience a zero profit.
c. causes marginal revenue to exceed price.
d. prohibits firms from earning positive economic profits in the long run.
a
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Ricardian equivalence requires that saving by the private sector decreases when the deficit increases
Indicate whether the statement is true or false
The three major components of a bond are the bond price, maturity date, and coupon rate.
Answer the following statement true (T) or false (F)
A turning point is
A) a change in policy. B) a peak or a trough. C) a boom or a recession. D) a zero deviation from trend.
To anticipate what the economy is going to do next the government will look at:
a) Lagging indicators b) Flashing indicators c) Coincidental indicators d) Leading indicators