A low concentration ratio would most likely indicate
A. a low degree of oligopolization.
B. that the industry measured is a monopoly.
C. that the industry measured is a perfect competitor.
D. None of the choices are true.
A. a low degree of oligopolization.
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The short-run aggregate supply curve would shift and the long-run aggregate supply curve would remain fixed if
A) there was a temporary shock that influenced the supply side. B) there was a permanent increase in aggregate demand along with a permanent decrease in aggregate supply. C) there was a permanent increase in aggregate demand. D) there was a temporary shock to aggregate demand.
An increasing cost industry is one in which per unit cost increases as output expands in the long run
a. True b. False
Choice architecture can:
A. alter actual decisions and thus the ultimate outcomes. B. make it easier for people to make choices that will make them happier in the long run. C. help people make better choices without eliminating free choice. D. All of these statements are true.
If the marginal propensity to consume is 0.75, net taxes are fixed at $2,000 and real income rises by $12,000 . by how much will real consumption spending increase?
a. $9,000 b. $8,000 c. $7,500 d. $7,000 e. $10,000