If nominal wages increase at the same rate as inflation, then the aggregate supply curve will be a horizontal line
a. True
b. False
Indicate whether the statement is true or false
False
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Monopolists may in the long run
A. earn positive economic profit. B. be protected by barriers to entry. C. grow wealthy at the expense of their consumers. D. All of these responses are correct.
Economic thinking indicates that efficient adaptation strategies to reduce harms from future global warming will
a. focus on reducing overall carbon emissions. b. emphasize changes like those imposed on prosperous nations by the Kyoto Treaty. c. focus on reducing the effects of serious problems that we know to exist. d. ensure that every precaution will be taken to reduce any possible risks for the future.
The merger of two community hospitals located in the same geographic market is called:
a. horizontal integration. b. a real shame since one of the hospitals will likely close. c. a leveraged buyout. d. vertical integration. e. a conglomerate merger.
Which one of the following would shift the aggregate demand curve to the left?
A. an increase in the money supply B. an increase in government spending C. an increase in exports D. an increase in taxes