For a perfectly competitive firm, the demand curve
a. coincides with the marginal revenue curve.
b. both of the other answers are true
c. coincides with the market price.
Answer: b. both of the other answers are true
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Describe the differences between the growth rates of real personal consumption and real gross private investment in the United States
What will be an ideal response?
In the distributed lag model, the dynamic causal effect
A) is the sequence of coefficients on the current and lagged values of X. B) is not the same as the dynamic multiplier. C) is generated by choosing different truncation points for the HAC standard errors. D) requires estimation of the model by Cochrane-Orcutt method.
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real GDP b. GDP price index c. Required reserve ratio d. Quantity of real credit per time period e. Quantity of currency per time period
The basis of judgment for the Standard Oil case was ________, whereas the basis of judgment for the ALCOA case was ________:
A. market concentration; interlocking directorships. B. monopolistic abuses; market structure. C. market structure; market performance. D. unfair business practices; price discrimination.