The analysis that the costs of building a dam are higher than the benefits is an example of normative analysis
a. True
b. False
Indicate whether the statement is true or false
True
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Graphically, cost-push inflation is shown as a ________.
A. rightward shift of the AD curve B. leftward shift of the AS curve C. leftward shift of the AD curve D. rightward shift of the AS curve
Macroeconomic equilibrium requires
A) equilibrium in the goods market. B) equilibrium in the money market. C) equilibrium in both the goods and money markets. D) equilibrium in neither the goods nor the money market.
How do the labor force, the nation’s capital stock, and the rate of technical progress contribute to potential GDP growth and labor productivity?
What will be an ideal response?
Which of the following statements is correct?
A. The demand curve for a purely competitive firm is perfectly elastic, but the demand curve for a purely competitive industry is downsloping. B. The demand curve for a purely competitive firm is downsloping, but the demand curve for a purely competitive industry is perfectly elastic. C. The demand curves are downsloping for both a purely competitive firm and a purely competitive industry. D. The demand curves are perfectly elastic for both a purely competitive firm and a purely competitive industry.