All economists agree that the firm's only goal is to maximize profit
Indicate whether the statement is true or false
F
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Our business cycle experiences suggest that a macroeconomic policy designed to lower the average rate of inflation will require ________ in actual real GDP and an accompanying ________ in the unemployment rate
A) an increase, increase B) an increase, decrease C) a reduction, increase D) a reduction, decrease
Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market
If the price of coal increases, then the firm's quantity of labor demanded ________ and the equilibrium wage ________. A) decreases, decreases B) decreases, increases C) increases, decreases D) increases, increases
Which of the following would make the equilibrium real interest rate increase and the equilibrium quantity of funds decrease?
a. The demand for loanable funds shifts right. b. The demand for loanable funds shifts left. c. The supply of loanable funds shifts right. d. The supply of loanable funds shifts left.
The most prestigious stock market in the world is the
A. New York Stock Exchange. B. London Stock Exchange. C. Tokyo Stock Exchange. D. Chicago Mercantile Exchange.