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

Economics

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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

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If the marginal cost were $16, output would be


A. 1.
B. 2.
C. 3.
D. 4.

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The monopolist faces the demand curve of ___________.

Fill in the blank(s) with the appropriate word(s).

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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.

Economics