The typical monopolistically competitive firm always earns an economic profit in the long run, regardless of whether or not it advertises
a. True
b. False
B
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According to the article, ________ are expected to contribute ________ to China's real GDP in 2008
A) exports and consumption; positively B) consumption and government spending; negatively C) exports and investment; negatively D) rental income and investment; negatively
If the United States imposes an import quota on clothing, then U.S. exports
a. increase, U.S. imports increase, and U.S. net exports will not change. b. increase, U.S. imports decrease, and U.S. net exports increase. c. decrease, U.S. imports increase, and U.S. net exports decrease. d. decrease, U.S. imports decrease, and U.S. net exports will not change.
When excess reserves increase, the deposit multiplier is
A. increased. B. decreased. C. staying the same. D. None of the above is correct.
In the long run, the Federal Reserve can control which of the following?
A) the unemployment rate B) the growth rate of real GDP in the economy C) the inflation rate D) the natural rate of unemployment