For a given market demand curve, if the market clearing price increases, then the amount of producer surplus will
A) decrease.
B) increase.
C) become negative.
D) none of the above due to insufficient information.
B
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The goal of maximum sustainable employment is roughly equivalent to achieving ________
A) the natural rate of unemployment B) an inflation target that is slightly above zero C) the elimination of frictional and structural unemployment D) all of the above E) none of the above
Refer to the table below. Relative to their starting position, people in the fourth-fifth of the income distribution have seen the greatest decrease in their share of income.
A. True
B. False
C. Uncertain
The nominal cost per unit of output rises when production is pushed beyond an economy's potential output
a. True b. False Indicate whether the statement is true or false
Monopolistically competitive firms engage in advertising to increase market share and make demand more inelastic
Indicate whether the statement is true or false