The right to grant charters to incorporated firms is reserved to the federal government, according to the Constitution
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False
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If the long-run average total cost curve is downward-sloping, then the firm is experiencing decreasing returns to scale
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When testing the null hypothesis that two regression slopes are zero simultaneously, then you cannot reject the null hypothesis at the 5% level, if the ellipse contains the point
A) (-1.96, 1.96). B) . C) (0,0). D) (1.962, 1.962).
The labor demand curve:
A. is provided by firms who want to hire workers at each given wage. B. is made up of workers who want to work for firms at each given wage. C. shows number of workers who are willing and able to work at higher wages. D. shows that the number of people who want to work increases as the wage increases.
If the Fed reduces its discount rate, the problem being addressed is more likely to be inflation than recession
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