Public saving is the difference between _____ and _____
Fill in the blank(s) with correct word
tax revenue, government purchases
government purchases, tax revenue
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In a cartel, participating members can cheat by
A) letting more entrants join the cartel. B) leaving the industry. C) producing a lower production level than the cartel quota. D) charging a slightly lower price and raising production.
For products like parking lots and hotels, costs of building capacity are mostly fixed or sunk and firms in this industry typically face capacity constraints. Therefore,
a. If SRMR>SRMC at capacity, then the firms should price to fill capacity
b. If SRMR
Why do economists prefer using the term economic fluctuation rather than business cycle?
a. political correctness b. number of parameters involved c. excessive volatility of the cycles d. lack of regularity of a cycle
The money demand curve is downward sloping because as the value of money falls people desire to hold a larger quantity of money
a. True b. False Indicate whether the statement is true or false