Investment spending is sensitive to interest rates.
Answer the following statement true (T) or false (F)
True
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The oligopolistic industry is not allocatively efficient because
A. the industry produces too little of the good. B. the industry produces at the lowest marginal cost. C. the industry produces at the lowest average total cost. D. the industry produces too much of the good.
Which of the following is NOT studied in microeconomics?
A. the impact of government spending on the unemployment rate B. the impact of higher fuel prices on the cost of airline tickets C. the effect of an increase in gasoline taxes on the purchase of gasoline D. the impact of firms' hiring choices on their employees' wages
The central bank for the United States is
A. First National Bank of America. B. the Federal Reserve System. C. the U.S. Treasury. D. American Bank.
The condition of fully flexible wages and prices was assumed by
A) no economists. B) the classical economists. C) modern economists. D) the Keynesian economists.