According to neo-Keynesians, the long-run Phillips curve is essentially horizontal
Indicate whether the statement is true or false
F
Economics
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Entry causes ____ to increase and a firm's demand curve to ____
A) quantity supplied, fall. B) supply, rise C) supply, fall. D) demand, rise.
Economics
The demand curve for a foreign currency
a. slopes upward b. slopes downward c. is horizontal d. has a slope of 45 degrees e. is vertical
Economics
Profit is equal to
A. total revenue minus total cost. B. total revenue divided by total cost. C. total revenue divided by marginal revenue. D. marginal revenue minus marginal cost.
Economics
Grocery stores often place items people buy on impulse at the checkout lane. This is an example of:
A. irrational behavior. B. price fixing. C. choice architecture. D. government intervention.
Economics