A monopolistically competitive firm chooses
a. the quantity of output to produce, but the market determines price.
b. the price, but competition in the market determines the quantity.
c. price, but output is determined by a cartel production quota.
d. the quantity of output to produce and the price at which it will sell its output.
d
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A matrix organization is organized on the basis of
A. geographic region. B. functional areas of expertise. C. product line. D. both functional specialty and product line.
If the yield curve is flat, using liquidity premium theory, what do you know about the expected future short-term interest rate?
What will be an ideal response?
Spending on programs that ________, such as Social Security and Medicare, is classified as entitlement and mandatory spending.
A. is authorized by Congress on an annual basis B. has been authorized by prior law C. is authorized only in times of budget surpluses D. is authorized only in times of budget deficits
In the Keynesian model in the long run, an increase in the money supply will cause
A) an increase in output and a decrease in the real interest rate. B) a decrease in the real interest rate but no change in output. C) an increase in the real interest rate and an increase in output. D) no change in either the real interest rate or output.