In long-run equilibrium in monopolistic competition, P = MR = MC = ATC.

Answer the following statement true (T) or false (F)


False

Economics

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Government spending conducted for the purpose of achieving full employment, price stability, or economic growth is an example of

A) fiscal policy. B) monetary policy. C) interest-rate policy. D) exchange-rate policy.

Economics

Part of the spending on the Doyle Drive project in northern California came from the American Reinvestment and Recovery Act, which is an example of ________ aimed at increasing real GDP and employment

A) an automatic stabilizer B) a transfer payment C) discretionary fiscal policy D) contractionary fiscal policy

Economics

In the factor payments approach to GDP, owners of capital receive

a. wages b. salaries c. rent d. interest e. profit

Economics

Which of the following would be omitted in the calculation of GDP?

a. a two-year old house sold on the market b. an apple sold at a supermarket c. a box of cereal sold at a convenient store d. a newly-made souvenir sold at a resort

Economics