Even though in oligopoly the actions of one firm have a perceptible effect on the other firms, oligopoly firms act independently.
Answer the following statement true (T) or false (F)
False
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The property that macroeconomic variables fluctuate together in patterns that exhibit strong regularities is called
A) coincidence. B) co-movement. C) correlation. D) coexistence.
The short-run equilibrium position for a firm in monopolistic competition is the point at which the firm's marginal-cost curve intersects its marginal-revenue curve from above
a. True b. False Indicate whether the statement is true or false
Who was appointed Chair of the Board of Governors in 2014 by President Barack Obama?
a. Ben Bernanke b. Christina Romer c. Larry Summers d. Janet Yellen
Refer to the figure below. If Laura and Chris are the only two consumers in this market, then when the price of hamburger decreases from $2.50 to $2.00 per pound, the quantity demanded in the market will ________ by ________ pound(s) per week. 
A. increase; 1.5 B. decrease; 1 C. decrease; 1.5 D. increase; 1