Most firms have
a. no monopoly pricing power.
b. some monopoly pricing power.
c. absolute monopoly pricing power.
d. the ability to earn monopoly profits.
b
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Holding other factors constant, the increase in the prison population over the past 30 years in the United States has likely
A) decreased structural plus frictional unemployment. B) increased cyclical unemployment declined. C) decreased cyclical unemployment increased. D) increased the natural rate of unemployment.
Suppose a tax cut that had been anticipated by households and businesses doesn't happen. Describe a new Keynesian analysis of the consequences of this "event."
What will be an ideal response?
In the aggregate expenditures model, if an economy operates below equilibrium GDP, there will be unplanned inventory accumulation
a. True b. False Indicate whether the statement is true or false
Rapid population growth can threaten sustained economic growth if it: a. leads to diminishing marginal returns in production
b. remains unmonitored by government agencies. c. enables economies of scale in production to be exploited. d. leads to increased capital formation.