Which is an important aspect of the perfectly competitive market that leads to long run equilibrium?
A) perfect information
B) freedom of entry and exit
C) price taking behavior
D) homogeneous products
B
Economics
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In the above figure, when the interest rate is 8 percent and household income is $40,000, household consumption is
A) $0. B) $20,000. C) $35.000. D) $60,000.
Economics
Policies aimed at reducing the natural rate of unemployment are referred to as
a. stabilization policies. b. structural policies. c. macroeconomic policies. d. labor policies.
Economics
The simple multiplier equals
What will be an ideal response?
Economics
Expected value represents the average of all outcomes if one were to undertake the risky event many times over and over again
What will be an ideal response?
Economics