Hyperinflations are associated with governments printing money to finance expenditures
a. True
b. False
Indicate whether the statement is true or false
True
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How does a cut in interest rates that increases investment affect the quantity of real GDP demanded, the aggregate demand curve, real GDP, and the price level?
What will be an ideal response?
Diseconomies of scale are illustrated graphically by an upward shift of the firm's long-run average cost curve
Indicate whether the statement is true or false
Susie doesn't buy ice cream this week at the grocery store because she intends to start a diet in a few days. Her behavior is an example of:
A. a commitment device. B. status quo bias. C. the endowment effect. D. positive framing.
In long-run equilibrium, each monopolistically competitive firm can earn positive economic profits due to economies of scale
a. True b. False Indicate whether the statement is true or false