Which of the following will increase macroeconomic equilibrium prices?
A. a decrease in government spending
B. a decrease in productivity
C. a decrease in input prices
D. an increase in taxes
Answer: B
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What is the natural rate hypothesis?
What will be an ideal response?
Often you will hear students say that a college degree is nothing more than a piece of paper
They argue that there are many successful people who don't go to college that are managing large corporations or otherwise have fulfilling and rewarding careers. Given that this is true does this undermine the usefulness of a college degree as a signaling device?
For a perfect competitor, marginal revenue equals
A) the slope of the demand curve. B) average revenue divided by price. C) price divided by average revenue. D) the market price.
The practice of firms temporarily reducing prices in order to eliminate competition is called:
a. competitive pricing. b. predatory pricing. c. discount pricing. d. strategic pricing.