The demand curve represents the buyer's side of the marketplace
Indicate whether the statement is true or false
TRUE
Economics
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Keynes argued that
I. Capitalism did not always lead to full employment. II. Nominal prices were more important than relative prices. A) I only B) II only C) Both I and II D) Neither I nor II
Economics
Refer to Table 8-6. Consider the table of production and price statistics for a small economy in 2013. If the economy only produces the four goods listed below, what is GDP for 2013?
A) $428,000 B) $267,000 C) $24,000 D) $1,424
Economics
If the firm hires 5 workers, the average cost equals
a. $250 b. $50 c. $5 d. Need more information
Economics
Supply-restricting policies are intended to shift the
A) supply curve to the left. B) supply curve to the right. C) demand curve to the left. D) demand curve to the right. E) b and d
Economics