Rational expectations theory suggests that short-run stabilization policy
A) is best achieved with monetary policy.
B) is best achieved with fiscal policy.
C) is equally easy to achieve with monetary or fiscal policy.
D) should not be attempted.
D
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________ a large number of firms competing by making similar but slightly different products
A) Monopoly requires B) Perfect competition requires C) Monopolistic competition requires D) Oligopoly requires E) Both perfect competition and monopolistic competition require
Explain how each of the following industries practices price discrimination. a. Movie theaters b. Airlines c. Auto dealers d. U.S. Postal Service
What will be an ideal response?
Jose gets utility from the goods he consumes and also the income he earns. His utility function is given by U(q1,q2 ) = q1q2Y Derive Jose's demand equations
Does the fact that he derives utility directly from income affect his consumption in this case?
The total cost to society of producing an additional unit of a good or service is the marginal
A. private cost. B. damage cost. C. social cost. D. external cost.