Monopolists can make an economic profit in the long-run because of barriers to entry
Indicate whether the statement is true or false
TRUE
Economics
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Compared to IACs, LDCs are often characterized by:
a. lower adult literacy. b. lower per capita energy consumption. c. lower life expectancy. d. All of the answers are correct.
Economics
An increase in the federal funds rate is a signal that the Fed wants a tighter monetary policy.
Answer the following statement true (T) or false (F)
Economics
The economy is growing if and only if
A. real GDP is rising. B. GDP is rising. C. the average price level is rising. D. GDP per capita is rising.
Economics
Lower personal income taxes
A) increase aggregate demand. B) decrease disposable income. C) decrease aggregate demand. D) increase transfer payments.
Economics