Which of the following is an example of a public good?
A) a movie ticket
B) a cup of coffee
C) books at a public library
D) a railroad sign
D) a railroad sign
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If marginal cost is less than average total cost, then ________ is ________
A) average total cost; falling B) average variable cost; falling C) marginal cost; falling D) marginal cost; rising
Refer to Figure 15-11. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, the Federal Reserve would most likely
A) decrease the inflation rate. B) decrease interest rates. C) not change interest rates. D) increase interest rates.
If the government regulates the price a natural monopolist can charge to be equal to the firm's average total cost, the firm has no incentive to reduce costs
a. True b. False Indicate whether the statement is true or false
The inside lag is the time between:
A) observing a shock and countering it. B) taking an action and observing its effect. C) short-term and long-term goals. D) taking an action and determining future long-term goals