The economy is in macroequilibrium at the national income level where the aggregate expenditure curve intersects the 45-degree line

Indicate whether the statement is true or false


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Economics

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For a given quantity, the total profit of a perfectly competitive firm is equal to the vertical distance between the firm's total revenue curve and its total cost curve

Indicate whether the statement is true or false

Economics

Describe China's reform path, including the forces that started China's reform efforts and how they continued through the 1980s and early 1990s

What will be an ideal response?

Economics

In a(n) ________ industry, firms are small relative to the total market.

A. monopolistically competitive B. oligopolistic C. monopolistic D. Both B and C are correct.

Economics

Over-extraction of a resource in the present can occur because:

A. There is a user cost B. There is an extraction cost C. Users can benefit from conservation D. Property rights are not clearly defined

Economics