Which of the following statements is true of a monopolist's supply curve?
A) The supply curve is vertical.
B) The supply curve is upward sloping.
C) The supply curve is downward sloping.
D) A monopolist does not have a supply curve.
D
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The short-run aggregate supply curve shifts to the right when
A) output gap is higher. B) output gap is lower. C) expected inflation is higher. D) expected inflation is lower.
When a nation is said to be running a balance of payments surplus, this means its
A) official settlements balance is positive. B) trade balance is positive. C) net financial account balance is positive. D) current account is positive.
A situation in where the costs of an action are not fully borne by the two parties engaged in exchange is
A) an externality. B) an internality. C) internal costs. D) a transactions cost.
The term "unemployed" includes all people who want a job, but don't have one
a. True b. False Indicate whether the statement is true or false