A monopolist sets the market price for its product.
Answer the following statement true (T) or false (F)
True
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Even in 1928, non-bank sources provided more funds for brokers' loans in the stock market than did the nation's banks
Indicate whether the statement is true or false
When household debt as a share of income is abnormally high,
a. rapid growth of consumption is likely to lead the recovery. b. the growth prospects of the economy will be excellent because high household debt is the key to a strong economy. c. the growth of consumption is likely to remain sluggish even as the economy begins to recover. d. consumers will be in a strong position to deal with irregular expenses.
Because each oligopolist cares about its own profit rather than the collective profit of all the oligopolists together,
a. they are unable to maintain the same degree of monopoly power enjoyed by a monopolist. b. each firm's profit always ends up being zero. c. society is worse off as a result. d. Both a and c are correct.
In the macroeconomic long run,
What will be an ideal response?