Profits for a monopolist can be illustrated with a graph showing:
a. marginal revenue and marginal profits.
b. total revenue and marginal costs.
c. marginal revenue and total profits.
d. total revenues and total costs.
d. total revenues and total costs.
Profits for a monopolist can be illustrated with a graph showing total revenues and total costs. The total cost curve has its typical shape; that is, total costs rise, and the curve grows steeper as output increases.
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When real GDP increases, the demand for money ________ and the demand for money curve ________
A) does not change; does not shift B) increases; shifts rightward C) increases; shifts leftward D) decreases; shifts leftward E) decreases; shifts rightward
Which of the following formulas is correct?
A) Net investment = gross investment + capital B) Net investment = gross investment - saving C) Net investment = gross investment - wealth D) Net investment = gross investment - depreciation E) Net investment = gross investment + depreciation
Stagflation occurs when aggregate supply and aggregate demand both increase
Indicate whether the statement is true or false
The exchange-rate effect helps explain what feature in the aggregate demand and aggregate supply model?