When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy.
B. contractionary monetary and fiscal policies.
C. expansionary monetary and fiscal policies.
D. a contractionary monetary policy and an expansionary fiscal policy.
Answer: B
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For a perfectly competitive firm, the long-run supply curve is the long-run average cost curve
a. True b. False Indicate whether the statement is true or false
If the marginal cost were $16, output would be
A. 1.
B. 2.
C. 3.
D. 4.
The monopolist faces the demand curve of ___________.
Fill in the blank(s) with the appropriate word(s).
Refer to Figure 8.11. If Fred's profit in the second rectangle from the top were 1,600 instead of 1,500 then the path of the game would be:
A. Fred chooses a small quantity and Barney enters. B. Fred chooses a large quantity and Barney stays out. C. Fred chooses a large quantity and Barney enters. D. Fred chooses a small quantity and Barney stays out.