The slope of the long-run aggregate supply curve is
A) positive.
B) negative.
C) zero.
D) undefined.
D
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Ebay is an online auction site where individual buyers and sellers receive feedback on their how well they conducted their transaction. This feedback is public available. What is the purpose of this feedback?
A) It is a signal that the buyer or seller is reliable. B) To reduce credit risk of a faulty buyer C) To reduce default risk of a faulty seller D) It is a tool to prevent moral hazard.
We would expect, all else equal, that:
A. lower taxes would reduce unemployment. B. higher taxes would reduce unemployment. C. taxes would have no effect on unemployment. D. taxes would be negatively related to unemployment.
Which of the following is true of the demand curve faced by a monopolist?
a. A monopolist's demand curve is infinitely elastic b. A monopolist's demand curve is more elastic than a competitive firm's demand curve. c. A monopolist faces a relatively inelastic demand curve. d. A monopolist's demand curve coincides with its marginal revenue curve. e. A monopolist faces a positively sloped demand curve.
Which of the following can explain faster growth of real GDP in country A than in Country B?
a. both greater population growth and greater productivity growth in Country A b. greater population growth in Country A, but not greater productivity growth in Country A c. greater productivity growth in Country A, but not greater population growth in Country A d. neither greater population growth nor greater productivity growth in Country A