Which of the following short-run outcomes for monopolistic competition is NOT possible?
A) P = MR = MC.
B) P > MC > ATC.
C) P = ATC.
D) P > ATC.
A
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If there is unplanned inventory accumulation there is excess
A) demand for bonds. B) supply of bonds. C) demand for commodities. D) supply of commodities.
The argument that government action is justified based on the fact that people would agree to be coerced to do the action if everyone else is forced to do the action is essentially an argument based _____
a. upon the transitional gains trap b. on the free rider problem c. on the ideal of the public interest d. prisoners dilemma
In a system of 100-percent-reserve banking, changes in the money supply depend on the decisions of the Fed as well as the behavior of depositors and bankers
a. True b. False Indicate whether the statement is true or false
The tightening of credit standards after the Great Recession
A. was more than countered by an opposite trend in regulation, so growth was robust. B. should have been a source of growth but wasn't. C. was a significant reason behind the slowing of economic growth during that period. D. was entirely countered by an opposite trend in regulation, so it was nearly zero.