The features of the M-Form of firm organization are
a. divisions have difficulty responding to market changes
b. it is easier to maintain customer relationships
c. coordination across divisions is simple and does not take much management time
d. evaluating employees is easier because managers typically are similarly trained
b
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For a demand-pull inflation to persist requires persistent increases in
A) real GDP. B) the quantity of money. C) tax rates. D) government expenditures. E) the real wage rate.
Refer to Figure 13-13. What is the area that represents the firm's profit?
A) profit = 0 B) P3baP2 C) P4edP2 D) P4eaP1
In the Keynesian cross diagram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand function to shift down, the equilibrium level of aggregate output to ________, and
the IS curve to shift to the ________, everything else held constant. A) rise; left B) rise; right C) fall; left D) fall; right
When government imposes a price ceiling or a price floor on a market,
a. price no longer serves as a rationing device. b. efficiency in the market is enhanced. c. shortages and surpluses are eliminated. d. both buyers and sellers become better off.