If a monopolistically competitive firms incurs an increase in fixed costs, its price will rise and its output will fall
a. True
b. False
Indicate whether the statement is true or false
False
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The channels through which monetary policy affects economic activity are called the ________ of monetary policy
A) transmission mechanisms B) flow mechanisms C) distribution mechanisms D) allocational mechanisms
In the classical model, a decrease in immigration would
a. decrease labor supply, increase the real wage, and decrease output. b. increase labor supply and the real wage, and decrease output. c. increase labor demand and the real wage, and increase output. d. reduce real wages and reduce output.
The above figure shows the reaction functions for two pizza shops in a small isolated down. The Stackelberg leader will produce
A) 25 pizzas. B) 50 pizzas. C) 66.7 pizzas. D) 100 pizzas.
Which of the following is not an example of a crime contemplated by the rational criminal model?
A. Car theft B. Murder for hire C. Insurance fraud D. School shooting