The production of durable goods is more stable than the production of nondurables over the business cycle.
Answer the following statement true (T) or false (F)
False
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Which will be TRUE for a monopolistic competitor experiencing short-run losses?
A) P > ATC B) P = ATC C) P < ATC D) P < MC
If there was no profit effect, but there was a misperception effect in the short run, then SRAS is ____ and LRAS is ____
a. upward sloping; upward sloping b. upward sloping: vertical c. vertical; upward sloping d. vertical; vertical
The major assets and liabilities of a bank are
a. demand deposits and reserves, respectively b. demand deposits and gold, respectively c. reserves and demand deposits, respectively d. reserves and excess reserves, respectively e. demand deposits and excess reserves, respectively
The number of vehicle types available in the United States has increased dramatically over the past thirty years. Everything else equal, this would make
A) the demand for individual vehicle types to become less elastic. B) the demand for individual vehicle types to become more elastic. C) the demand for all vehicle types to become unitary elastic. D) the demand for low quality vehicle types to become less elastic.