Internal markets cannot suffer market failure like an external market
Indicate whether the statement is true or false
False
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From the quantity equation we find that the rate of inflation is equal by definition to the growth rate of the money supply ________ the growth rate of velocity ________ the growth rate of real GDP
A) plus, plus B) plus, minus C) minus, plus D) minus, minus
If an LDCs population growth rate is 3 percent per year, how much must the economic growth rate be just to maintain per capita income?
a. 0 percent b. 3 percent c. 1 percent d. 6 percent e. 2 percent
The graph below indicates a competitive firm's cost curves
For what price(s) does the firm earn negative profit in the short-run? [ Select ] For what price(s) does a firm enter the market?
For what price(s) does a firm shut-down?
What is the price at the long-run market equilibrium?
For what price(s) will the firm exit in the long-run?
Looking at the financial account data, it is possible to determine the total amount of official reserves available to a nation
Indicate whether the statement is true or false