The higher the interest sensitivity of investment, the
a. less effective is monetary policy and the more effective is fiscal policy.
d. more effective are both monetary and fiscal policies.
c. less effective are both monetary and fiscal policies.
d. less effective is fiscal policy and the more effective is monetary policy.
D
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Use the following graph showing short-run cost curves for a perfectly competitive firm to answer the next question.
At what price would the firm earn a normal profit and break even?
A. P1 B. P2 C. P3 D. P4
Social Security pension benefits are
A. subject to income taxes for those with certain income levels. B. non-taxable for all retirees. C. subject to state, but not federal, income taxes. D. subject to capital gains taxes.
What do we mean by efficient production?
What will be an ideal response?
In a kinked demand market, whenever one firm decides to lower its price,
a. other firms will automatically follow. b. none of the other firms will follow. c. one half of the firms follow and one half of the firms don't follow the price cut. d. other firms all decide to exit the industry e. all of the other firms raise their prices.