Advocates of activist policy making point to the swift response of the Fed after September 11, 2001, as an example of effective policy making
a. True
b. False
Indicate whether the statement is true or false
True
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Aggregate demand and supply curves have been widely used to analyze the performance of the macroeconomy. Figure 5-3 shows four diagrams that represent different changes in the macroeconomy. Choose the diagram that best represents the situations described in the following questions.Figure 5-3
Which graph in Figure 5-3 best represents the economic conditions of the American economy in 2001?
A. 1 B. 2 C. 3 D. 4
A corporation is the most preferable type of firm if the investor wants to limit liability.
Answer the following statement true (T) or false (F)
When the quantity demanded and quantity supplied in a market are equal, the market is said to be in
a. excess demand. b. equilibrium. c. excess supply. d. fixation.
These are the cost and revenue curves associated with a firm.
Assuming the firm in the graph shown is producing Q1 and charging P3, it is likely showing the cost and revenue curves of a monopolistically competitive firm that is:
A. earning negative economic profits. B. making positive economic profits. C. in long-run equilibrium. D. All of these statements are true.