The airline industry routinely engages in price discrimination across time
Indicate whether the statement is true or false
FALSE
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Which of the following will cause the LM curve to shift to the right?
A) An increase in investment B) An increase in money demand C) A decrease in velocity D) An increase in the money supply
Economists believe that public debt
a. always promotes overconsumption b. promotes overconsumption if people view the government's liabilities as their own c. promotes overconsumption if people fail to view the government's liabilities as their own d. cannot promote overconsumption e. promotes underconsumption if people view the government's liabilities as their own
Economies of scale occur when the average total cost of producing each individual unit increases as the level of production increases
a. True b. False Indicate whether the statement is true or false
Draw in a new demand curve, D1, on the graph, showing a decrease in demand What happens to price and quantity?
