Identify the correct statement
a. Investment is positively related to the interest rate.
b. Investment spending in an economy is stimulated by new production technology.
c. Investment is positively related to excess capacity.
d. Investment spending is positively related to the cost of capital goods.
e. Investment is negatively related to the rate of government spending.
b
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Use the following graph for a monopolistically competitive firm to answer the next question.
Marginal revenue and marginal cost intersect at point
A. a. B. b. C. c. D. d.
The term nonexclusive means that once the good is provided, no one can be excluded from deriving its benefits
Indicate whether the statement is true or false
What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?
In a perfectly competitive market, firms set:
A. prices and quantities. B. quantities but not prices. C. neither prices nor quantities. D. prices but not quantities.