A monopolist’s cost curves may shift down because
A. large-scale input purchases may permit the monopolist to take quantity discounts.
B. of advertising expenditure.
C. competitors are pushed out of the market.
D. of bureaucratic inefficiencies.
Answer: A
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The slope of the consumption function is equal to the marginal propensity to save (MPS)
a. True b. False Indicate whether the statement is true or false
________ adopts the view that aggregate fluctuations are a natural consequence of an expanding economy
A) The new macroeconomics B) The Okun Gap C) Keynesian economics D) The Lucas Wedge E) Classical macroeconomics
Capital and labor only very recently have been free to move across international borders
Indicate whether the statement is true or false
Refer to the information provided in Figure 7.2 below to answer the question(s) that follow. 
Figure 7.2Refer to Figure 7.2. The marginal product of the second worker is ________ lawns mowed.
A. 3 B. 5 C. 8 D. 11