What other business disciplines are related to Managerial Economics?
What will be an ideal response?
Accounting, Finance, Management Science (Quantitative Methods), Management Strategies, Marketing
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Which of the following is an example of built-in stability? As real GDP decreases,
A. income tax revenues increase and transfer payments decrease. B. income tax revenues and transfer payments both decrease. C. income tax revenues and transfer payments both increase. D. income tax revenues decrease and transfer payments increase.
An economic system is the organizations and methods used to determine:
a. All of the answers are correct. b. for whom goods and services are produced. c. what goods and services are produced. d. how goods and services are produced.
Which of the following would we not expect if government policy moves the economy up along a given short-run Phillips curve?
a. Mark gets an increase in his nominal wage. b. Bob gets more job offers. c. Susan reduces prices at her pizza restaurant. d. Tom reads that the central bank recently raised the money supply
Based on the graph showing an unanticipated expansionary policy, the short-run effects of an unanticipated expansionary policy are ______.
a. higher unemployment and lower prices
b. higher output, prices, and employment
c. lower output, prices, and employment
d. lower output and unchanged prices