Everyone who is unemployed is covered and can receive benefits from unemployment insurance
Indicate whether the statement is true or false
F
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If all firms in the industry have similar demand, marginal revenue, and cost curves as the firm in the figure above, in the long run
A) nothing changes. B) some firms exit the industry and the economic losses of the remaining firms decrease. C) some firms exit the industry and the economic profits of the remaining firms increase. D) new firms enter the industry and the economic losses of the original firms decrease. E) new firms enter the industry and the economic profits of the original firms increase.
Are municipal tennis courts and municipal golf courses public goods? Why or why not?
The notion that everything the economy produces is purchased
A. sums up Say's law. B. can be restated as "demand creates its own supply". C. refers to the real balance effect. D. was a critical assumption Keynes made in explaining the worldwide depression of the 1930s.
An increase in income in other countries, other things equal, would cause U.S. _____
Fill in the blank(s) with the appropriate word(s).