An increase in the money supply decreases the equilibrium interest rate and shifts the aggregate-demand curve to the right
a. True
b. False
Indicate whether the statement is true or false
True
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Average cost is higher with a monopolistically competitive firm than with a perfectly competitive firm
a. True b. False Indicate whether the statement is true or false
What caused 25,000 workers to be laid off in the boat industry?
a. the 10 percent luxury tax b. the 5 percent income tax c. the 15 percent real estate tax d. the 8 percent gift tax
An increase in the proportion of the population that is unemployed above the normal rate is best represented in Figure 1.3 and using PP1 by a movement from point
A. E to point D. B. C to point D. C. C to point A. D. D to point C.
The fact that our wants are unlimited but our resources are limited implies that
A. we have to make choices. B. we should limit our wants. C. entrepreneurship has failed as an economic system. D. the only way to make someone better off is to make someone else worse off.