The economy achieves full employment when the actual rate of unemployment equals the natural rate of unemployment
Indicate whether the statement is true or false
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If Odetta's marginal value of freedom fries is $8 per pound, then
a. Odetta will be indifferent if she trades 1 pound of freedom fries for $8 worth of all other goods. b. Odetta thinks 1 pound of freedom fries is worth $8, 2 pounds of freedom fries are worth $16, and so forth. c. Odetta will not purchase any freedom fries if the price is more than $8 per pound. d. Odetta must sacrifice $8 in currency for every pound of freedom fries she chooses to purchase.
The figure above shows a perfectly competitive firm. The firm is operating; that is, it has not shut down. The firm produces
A) 20 units of output and makes zero economic profit. B) 20 units of output and incurs an economic loss. C) 10 units of output and makes zero economic profit. D) 10 units of output and incurs an economic loss.
A new public offering that significantly shifts the supply curve for a firm's shares will
a. have no impact on the stock's price b. decrease the stock's price c. increase the stock's price d. decrease the value of the firm's previously issued bonds e. decrease the firm's working capital
The 2002–2008 OPEC price increases caused by conflict in the Middle East caused the aggregate
A. demand curve to shift outward. B. demand curve to shift inward. C. supply curve to shift outward. D. supply curve to shift inward.