It can be shown that average revenue and price are always equal.
Answer the following statement true (T) or false (F)
True
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We say that the economy is at full employment if the unemployment rate is equal to
A) the amount of cyclical unemployment. B) the sum of structural and cyclical unemployment. C) the natural rate of unemployment. D) the sum of frictional and cyclical unemployment. E) zero.
Reductions in inflation have no cost in terms of lower output in ________
A) traditional Keynesian theory B) new Keynesian theory C) real business cycle theory D) traditional and new Keynesian theory
The bottom of the supply chain contains ________ and is referred to as the ________ end of the chain.
A) finished goods; downstream B) raw materials; upstream C) finished goods; upstream D) raw materials; downstream
In the figure below, if the marginal damages line did not originate at 0,
A. it would mean that marginal damages did not exist.
B. there is no way to find MSC.
C. MSC would not originate at the same intercept as MPC.
D. all of these answer options are correct.