A movement along the consumption function can be caused by a
A. decrease in taxes.
B. well performing stock market.
C. newly found $100,000 inheritance.
D. check from sold mutual funds.
Answer: A
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A monopolistically competitive firm will end up selling its output for a price such that its
A) price is greater than marginal cost. B) price is equal to marginal cost. C) price is equal to marginal revenue. D) price is equal to average total cost.
Prior to 1980, member banks left the Federal Reserve System due to
A) the high cost of discount loans. B) the high cost of required reserves. C) a desire to avoid interest rate regulations. D) a desire to avoid credit controls.
The short-run equilibrium output of a competitive firm is found by equating marginal cost with price.
Answer the following statement true (T) or false (F)
Most voters will likely be concerned with
What will be an ideal response?