Which of the following statements is correct with respect to endogenous growth models?
a. Changes in government policy that affect savings and investment rates can increase levels of output in the long-run.
b. Changes in government policy that affect savings and investment rates can increase the growth rate of output in the long-run.
c. Long-run growth rates are not stationary.
d. both a and b.
e. all of the above.
E
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A situation in which one firm's actions with respect to price, quality, advertising and related changes may be strategically countered by the reactions of one or more other firms in the industry is known as
A) strategic dependence. B) economies of scale. C) the concentration ratio. D) barriers to entry.
Columns 1 and 2 make up a portion of a monopolist's production function for a single variable input, labor. Columns 2 and 3 represent the demand function facing the monopolist over this range of output: 
How much does the fifth unit of labor add to the firm's total revenue?
A. $150 B. $4,560 C. $80 D. $1.875 E. none of the above
Using an aggregate demand graph, illustrate the impact of an increase in the interest rate
What will be an ideal response?
For DVC per capita incomes to rise, birth rates must first be reduced. This statement describes the:
A. human capital view of population growth. B. traditional view of population growth. C. capricious universe view. D. demographic transition view of population growth.