The RBV perspective locates the source of competitive advantage for a firm at the
a. Individual firm level
b. Industry level
c. Customer Level
d. None of the above
a
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Refer to the figure above. The loss in consumer surplus due to the imposition of the tax is given by the areas ________
A) JBIE and BIA B) EAG AND GHF C) CAE AND EAHF D) JBHF AND ABH
An autonomous easing of monetary policy results in a ________ level of equilibrium output, shifting the aggregate demand curve to the ________
A) higher; right B) lower; right C) higher; left D) lower; left
Assuming that rational expectations theory does not hold, if a central banks attempts to reduce the inflation rate what happens to the unemployment rate in the short-run?
Suppose a shift in aggregate demand creates an economic contraction. If policymakers can respond with sufficient speed and precision, they can offset the initial shift by shifting
a. aggregate supply right. b. aggregate supply left. c. aggregate demand right. d. aggregate demand left.