An unanticipated decrease in aggregate demand will cause an upward shift in the short-run Phillips curve
Indicate whether the statement is true or false
False
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All growth theory today is "new growth theory" because it considers a broad framework that includes technological progress
Indicate whether the statement is true or false
In the above figure, what price will a single-price monopoly set?
A) P1 B) P2 C) P4 D) P5
The price elasticity of supply for Good A is equal to 0 . Fifty units of Good A are supplied when its price is $40.0 . If the price of Good A increases to $44.80, its supply will: a. decrease to 44 units
b. increase to 56 units. c. increase to 54 units. d. remain the same at 50 units.
What happens to a monopolistically competitive firm that begins to change an excessive price for its product?
a) The firm will go out of business b) Consumers will substitue a rival's product c) Consumers will boycott the product d) The government will regulate the price