Even though monetary policy is neutral in the short run, it may have profound real effects in the long run
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following shifts the short-run aggregate supply curve?
I. changes in the size of the labor force II. changes in the money wage rate A) I only B) II only C) both I and II D) neither I nor II
Economics
A vertical demand curve has an elasticity of demand equal to zero.
Answer the following statement true (T) or false (F)
Economics
A market in which there are neither external benefits nor external costs is inefficient.
Answer the following statement true (T) or false (F)
Economics
In the above figure, what would be the profit or loss at the marginal cost pricing point for this natural monopolist?
A. -$1,200 B. $2,100 C. -$300 D. $2,700
Economics