If the price of roses increases the
A. demand curve for carnations will shift to the right.
B. demand curve for roses will shift to the left.
C. demand curve for carnations will shift to the left.
D. demand curve for roses will shift to the right.
Answer: A
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Which of the following is NOT correct about a single-price monopoly?
A) Maximum profit is found where demand is the most inelastic. B) Marginal revenue is negative when demand is inelastic. C) Marginal revenue is positive when demand is elastic. D) To sell more output, the firm must lower its price. E) To maximize its profit, the firm produces so that marginal revenue equals marginal cost.
In a competitive market, is the long-run supply curve typically more elastic than the short-run supply curve, or is it less elastic than the short-run supply curve?
An increase in the price level:
A. decreases the purchasing power of money, leading to higher interest rates, which decreases investment. B. increases the purchasing power of money, leading to lower interest rates, which increases investment. C. decreases the purchasing power of money, leading to lower interest rates, which increases investment. D. increases the purchasing power of money, leading to higher interest rates, which decreases investment.
The elements of the stimulus package adopted in 2009 that allowed states to pay $25 per week more than they had being paying in unemployment compensation should be considered
A. monetary policy. B. non-discretionary fiscal policy. C. discretionary fiscal policy. D. neither discretionary nor non-discretionary fiscal policy programs.