An eclectic aggregate supply curve:
A. Is the supply-side counterpart to monetarist and Keynesian assumptions about the shape of aggregate demand.
B. Combines elements of the monetarist and Keynesian assumptions about the shape of aggregate supply.
C. Maintains a constant upward slope as the economy moves through the business cycle.
D. Is horizontal at all levels of output.
B. Combines elements of the monetarist and Keynesian assumptions about the shape of aggregate supply.
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Endogenous growth theory is about
A) welfare of indigenous people. B) explaining growth. C) studying education. D) studying fertility choices.
Firm X owns both tea and coffee plantations. It sells directly to the public. If the firm wants to increase the sales for the coffee, assuming that tea and coffee are substitutes, which of these strategies can it employ?
a. Increase the price for the tea b. Offer free expedited shipping on the coffee c. Advertise the tea more heavily d. Both A&B
Adverse selection can occur if:
a. high-risk persons insure themselves more heavily than low-risk persons. b. high-risk persons claim coverage which cannot be borne by the insurers. c. high-risk persons do not conceal information from the insurer. d. high-risk persons make an effort to take less risk in the presence of an insurance cover.
Which one of the following classifications is found on the Statement of Cash Flows?
a. Cash Flows from Financing Activities b. Cash Flows from Purchasing Activities c. Cash Flows from Owner's Activities d. Cash Flows from Selling Activities