A monopolist faces a horizontal demand schedule

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ 

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward

Economics

A firm will shut down in the short-run if

a. P>AVC b. P

Economics

Structural unemployment arises when

a. marginal productivity of labor becomes zero. b. there is a cyclical change in the economy. c. jobs are eliminated by changes in the economy. d. people change their jobs.

Economics

Which of the following would tend to increase the value of a future stream of income?

a. an increase in the rate of inflation b. an increase in the interest rate c. a reduction in the interest rate d. a reduction in the size of the expected future income

Economics