The long-run aggregate supply curve slope is horizontal.
Answer the following statement true (T) or false (F)
False
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Which of the following could be a direct cause of investment spending decreasing?
A. Real income increases. B. Real interest rates increase. C. A firms revenues increases while their costs remain constant. D. Expected future income increases.
A brand name is a type of
A) cost saving. B) buyback contract. C) monopoly power. D) entry requirement for a competitive market.
When marginal revenue equals price for all levels of output, the firm is operating in a perfectly competitive market
a. True b. False
If the Fed wishes to raise the interest rate, it will
a. increase the money supply b. decrease the money supply c. increase money demand d. decrease money demand e. simply set a higher market interest rate