Of the four major market structures, perfect competition is the best at achieving economic efficiency
a. True
b. False
A
Economics
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An decrease in quantity supplied is represented by a leftward shift of the supply curve
Indicate whether the statement is true or false
Economics
A rise in government expenditure __________ the natural rate of interest
A) lowers B) raises C) has no effect on D) has an uncertain effect on
Economics
A creative entrepreneur is one who knows how to
a. Run a business b. Escape the burden of taxes c. Profitably exploit money making opportunities d. All of the above
Economics
At higher nominal rates of interest, the demand for real balances is:
a. higher because savers can earn higher returns. b. lower because the opportunity cost of holding those funds is higher. c. invariant with respect to the nominal interest rate. d. inversely related to the price level.
Economics