If profit per unit equals (price ? cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have
A. a basic “U” shape.
B. a negative slope.
C. a positive slope.
D. All of these responses are correct.
Answer: C
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Employment protection laws make it harder for employees to lose their jobs and as a result, these laws reduce structural unemployment
Indicate whether the statement is true or false
U.S. currency ________
A) is less efficient than barter B) includes tobacco C) is the sum of M1 and M2 D) is composed of the bills and coins held by individual and businesses
First-mover advantage is a characteristic of
a. A simultaneous-move game b. A dominant strategy c. A sequential-move game d. A Nash equilibrium
Which of the following statements best describes the Bank of Canada? It is:
A.a publicly owned and publicly controlled central bank, whose basic goal is to provide income for the Government of Canada B. a privately owned and publicly controlled central bank, whose basic goal is to earn profits for its owners C. a publicly owned and publicly controlled central bank, whose basic goal is to control the money supply and interest rates and maintain price stability and it is an independent agency of government. D. a privately owned and publicly controlled central bank, whose basic function is to minimize the risks in chartered banking in order to make it a reasonably profitable industry E. a privately owned and privately controlled bank, whose basic goal is to earn profits for its owners