What explains any divergence between nominal and real GDP?
What will be an ideal response?
Changing prices.
Economics
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Explain why a monopolist does not have a supply curve.
What will be an ideal response?
Economics
Autonomous consumption is always
A. positive. B. zero. C. negative.
Economics
Consider the following:
The relative price of movies this year has
A. increased. B. decreased. C. stayed the same. D. Not enough information has been given to calculate an answer.
Economics
In the long run, the number of firms in an industry may change. If the number of firms increases, then
A) the supply curve will shift outward to the right. B) the demand curve will shift outward to the right. C) the supply curve will shift inward to the left. D) the demand curve will shift inward to the left.
Economics