Which of the following macroeconomic variables is most dependent on whether the government pursues an active approach to policy or a passive approach to policy?
a. Aggregate supply
b. Aggregate demand
c. Money demand
d. Money supply
e. Interest rate
a
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Which of the following firms is considered a monopolistically competitive firm using the four-firm concentration ratio?Firm A: Four-Firm Concentration ratio=35%Firm B: Four-Firm Concentration ratio=25%
A. Firm A B. Firm B C. Both Firm A and Firm B D. Neither Firm A nor Firm B
In the above table, the average variable cost of producing 14 units of output is
A) $0.175. B) $5.71. C) $7.86. D) $10.00.
What is an entrepreneur?
What will be an ideal response?
New Keynesian inflation dynamics can account for sluggish responses of
A) real GDP to variations in aggregate supply. B) real GDP to variations in aggregate demand. C) inflation to variations in aggregate supply. D) inflation to variations in aggregate demand.