According to the structural stagnation hypothesis, what is the long-run cause of the recent problems facing the United States?
A. Globalization
B. Unemployment
C. Too-low investment
D. Inflation
Answer: A
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Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning Joss to undertake a market survey and compile the findings in a report
Iris is willing to pay $500 for the service while Daphne is willing to pay $800. Suppose that the opportunity cost of Joss's time is $1,200. Assume that Iris and Daphne do not know each other. If the price of the report is $800 per copy A) only Daphne will purchase Joss's services and Joss will undertake the job for her. B) both Iris and Daphne will purchase Joss's services and Joss will undertake the job. C) only Daphne will want to purchase Joss's services but Joss will not be willing to do the work. D) neither Iris nor Daphne will commission the work.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.
For a regulated natural monopoly, the marginal cost pricing rule is a rule that sets price ________ marginal cost and achieves an ________ amount of output
A) equal to; efficient B) above; inefficient C) below; efficient D) equal to; inefficient E) above; efficient
Expansionary monetary policy will result in
A) a decrease in aggregate demand. B) lower interest rates. C) decreased rates of inflation. D) All of the above are correct.