Consumers should purchase a good up to the point where MU = P.
Answer the following statement true (T) or false (F)
True
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If KeKe, age 32, worked 12 hours as a paid employee the week before the Current Population Survey, KeKe is classified in the Current Population Survey as ________ when calculating the unemployment rate
A) a discouraged worker B) employed C) underemployed D) not in the labor force E) unemployed
Each year, the United States exports about 50 percent of its wheat crop
Indicate whether the statement is true or false
Economic profits are competed away in the long run for a monopolistic competitor because of the absence of significant _______________________.
Fill in the blank(s) with the appropriate word(s).
If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.