The goal of the consumer price index is to gauge how much incomes must rise to maintain a constant standard of living
a. True
b. False
Indicate whether the statement is true or false
True
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The characteristic that distinguishes a monopolistically competitive market from a perfectly competitive market is the:
a. ease of entry. b. number of firms operating in the market. c. degree of government regulation in the activities of the firms. d. differentiation of products. e. extent of market share of each firm.
Assume that the money demand function is (M/P)d = 2,200 - 200r, where r is the interest rate in percent. The money supply M is 2,000 and the price level P is 2. The equilibrium interest rate is ______ percent.
Fill in the blank(s) with the appropriate word(s).
A firm that shuts down in the short run experiences losses equal to
A. total fixed costs. B. zero. C. total variable costs. D. total marginal costs.
Do you believe that class size reductions will help student performance?
What will be an ideal response?