If total expenditures fall at a given price level, then the
A) quantity demanded of Real GDP rises.
B) quantity demanded of Real GDP falls.
C) AD curves shifts to the right.
D) AD curve shifts to the left.
E) none of the above
D
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Marginal product is
A) the increase in output that results from a one-unit increase in the quantity of labor employed with all other inputs remaining the same. B) total amount of output produced. C) total amount of output produced divided by the quantity of labor employed. D) total amount of output produced divided by price of the output.
What strategic advantage compared to a Cournot Oligopoly results in the Stackelberg outcome?
A) the ability to move first B) the ability to set price C) the ability to set quantity D) the ability to make independent decisions by the Stackelberg leader
If the actual price level is lower than the expected price level reflected in long-term contracts,
a. the actual rate of unemployment will be less than the natural rate of unemployment. b. the actual rate of unemployment will exceed the natural rate of unemployment. c. the natural rate of unemployment will rise. d. the natural rate of unemployment will fall.
A scatter chart is useful when one variable is measurable and the other is not
Answer the following statement(s) true (T) or false (F)