Unless markets are perfectly competitive, they may fail to maximize the total benefits to buyers and sellers
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Which of the following best describes the term deflation?
a. A falling inflation rate b. A negative price level c. A negative inflation rate d. An increasing inflation rate e. A positive inflation rate
Economics
Proponents of zero inflation argue that a successful program to reduce inflation
a. eventually reduces inflation expectations. b. eventually raises real interest rates. c. permanently decreases output. d. permanently raises unemployment.
Economics
What term describes demand with an elasticity of less than 1?
a) unitary elastic b) inelastic c) low d) elastic
Economics
Monetary policy affects real GDP by..
What will be an ideal response?
Economics