Which of the following would best describe the demand curve faced by a monopoly firm?
A) horizontal line at the market price
B) vertical line at the output level
C) same as the market demand curve
D) same as the perfect competitor's demand curve
Answer: C
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As opposed to GDP, GNP tries to measure
A) the happiness of a nation. B) the value of all intermediate goods produced in a nation. C) the economic performance of a nation's citizens regardless of where they happen to be producing. D) the economic performance of a country's economy regardless of the nationality of the producers.
Interest deductibility does not provide an incentive for debt finance.
A. True B. False C. Uncertain
A decrease in supply will occur when
A) the supply curve shifts downward to the right. B) the supply curve shifts upward to the left. C) the demand curve shifts downward to the left. D) the demand curve shifts upward to the right.
Many economists thought the Fed should have lowered the federal funds rate less aggressively in late 2007 and throughout 2008
a. True b. False