Congress relies on economists at the Congressional Budget Office to
a. enforce the nation's antitrust laws.
b. set the nation's monetary policy.
c. provide evidence that incumbent members of Congress are performing well in their jobs.
d. provide independent evaluations of policy proposals.
d
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For the monopoly in the above figure, if the firm is currently producing 700 units, which of the following is correct?
A) It could earn higher profits if it produced more units each day. B) It could earn higher profits if it produced fewer units each day. C) It is maximizing its profits. D) It is incurring a loss.
If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would decrease
a. True b. False Indicate whether the statement is true or false
_______ status is given if an organization has a cultural, artistic, educational, or other public benefit.
a. For-profit b. Not-for-profit c. Charitable organization d. Sole proprietorship e. LLC
How does the slope of the AS curve affect the closure of the GDP gap?
What will be an ideal response?