Slope is measured as run/rise

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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In the long run, imports are paid for by

A) investment. B) exports. C) dollars. D) gold or other universally accepted monies.

Economics

Business cycles are a persistent feature of the U.S. economy.

Answer the following statement true (T) or false (F)

Economics

The following question relates to an oligopoly market where the industry demand curve is P = 100 - Q. What will be the price and quantity of this duopoly market if the duopolists act as shared monopolists?

What will be an ideal response?

Economics

If output and inflation are unrelated in the long run, the long-run aggregate supply curve must be:

A. horizontal. B. upward sloping. C. non-existent. D. vertical.

Economics