In the used car market, there is imperfect information when the seller knows that the car overheats after 30 minutes, but the buyer does not.
Answer the following statement true (T) or false (F)
True
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When the dollar appreciates, the prices of imported inputs
A. fall and aggregate supply shifts outward. B. fall and aggregate supply shifts inward. C. rise and aggregate supply shifts outward. D. rise and aggregate supply shifts inward.
The management of expectations has increased in importance in policymaking in recent decades with the rise of ________
A) traditional Keynesian theory B) institutionalist theory C) torsion theory D) new Keynesian theory
Which of the following statements is correct??
A. The fact that the firms in an oligopoly are mutually interdependent means that individual firms do not have any market power. B. All else? constant, a monopoly firm has more market power than a monopolistically competitive firm. C. The amount of market power a firm possesses is unrelated to the type of market in which it operates. D. So long as a firm is sufficiently? large, it will have some amount of market? power, regardless of the type of market in which it operates.
Involuntary part-time workers are:
A. discouraged workers. B. counted as unemployed. C. considered out of the labor force. D. counted as employed.