Which type of businesses earns the majority of profits in the United States?
A) corporations B) sole proprietorships
C) partnerships D) none of these
A
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Open market sale of government securities by the Fed decreases the federal funds rate
Indicate whether the statement is true or false
The long-run aggregate supply curve shifts to the right when there is
A) an increase in the total amount of capital in the economy. B) an increase in the available technology. C) a decrease in the natural rate of unemployment. D) A and B. E) A, B, and C.
Panel (a) in Figure 6.1 depicts
a. low interest elasticity of money demand. b. high interest elasticity of money demand. c. no interest elasticity of money demand, which is the same as Panel (b). d. None of the above
Entry into a monopolistically competitive industry is
a. easy, but exiting is difficult b. difficult, but exiting is easy c. difficult, but not impossible d. impossible e. easier than entry into oligopoly