According to the Phillips curve, which fiscal policies can be used to reduce unemployment in the short run?
An increase in government expenditures or a decrease in taxes.
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If the wage rate in a monopsonistic industry is $15, the marginal factor cost will be:
a. $0. b. $1. c. $15. d. greater than $15. e. less than $15.
A group of buyers and sellers with the potential to trade with each other is known as a(n)
a. trading bloc b. cartel c. market d. industry e. sector
If the average cost of a product is $10 per unit and the price is $5, the firm is losing money
a. True b. False Indicate whether the statement is true or false
_________ are publicly traded securities that have the benefit of not having to comply with some of the same registration requirements that other publicly traded securities do.
a. Bonds b. Stocks c. Municipal bonds d. Letters of credit e. None of these