The shape of the _____ curve determines the impact of an aggregate demand shift on prices and output.
A. Marginal revenue
B. Total cost
C. Production possibilities
D. Aggregate supply
D. Aggregate supply
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In order to promote growth through increased quantities of physical capital, governments must promote:
A. a better educational system. B. job training programs. C. funding for basic science. D. high rates of saving and investing.
What does the average product of labor equal?
What will be an ideal response?
When someone sells a bond at a discount, the holder of the bond earns ________ with the purchase
A) a capital gain B) a capital loss C) market value D) interest
Refer to the figure below. During high-peak times, what price-quantity combination should the firm charge to maximize profit?
A. P4 and Q3 B. P2 and Q3 C. P1 and Q2 D. P1 and Q3