Figure 10-2
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In Figure 10-2, which segment of the aggregate supply curve has the largest multiplier effect?
A. AB
B. BC
C. CD
D. DG
Answer: A
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In the market for loanable funds in an open economy, the demand for loanable funds:
A. can be demanded for domestic investment or international investment. B. is equal to national income. C. is equal to private investment. D. is equal to public investment.
The first-order conditions for a monopoly to maximize profits are:
A. d?(Q)/dQ = 0. B. MR(Q) = MC(Q). C. dR(Q)/dQ = dC(Q)/dQ. D. All of the statements associated with this question are correct.
In the United States, the Phillips curve is not stable in that
A) the intercept of the Phillips curve changes over time, but the slope does not change. B) the intercept and slope of the observed Phillips curve change over time. C) the slope of the Phillips curve changes, but its intercept does not change. D) it changes from a curve to a circle.
Which of the following statements is correct?
a. Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced. b. Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and increase the price of the good produced. c. Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and decrease the price of the good produced. d. Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and increase the price of the good produced.