Both the production of goods and services and the unemployment rate are used to measure
a. the business cycle.
b. productivity.
c. the interest rate.
d. inflation.
a
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Refer to the figure above. What is the price that the monopolistic firm would charge?
A) $0 B) $3 C) $6 D) $9
If the firm in Figure 17-4 above maintains its set price of P0, rather than dropping price to P1, it must be facing a "menu cost" of adjusting its price that exceeds
A) K - G. B) K + G. C) G - K. D) J. E) K.
An endowment:
A. is the bundle of goods an individual starts out with before trading. B. is the bundle of goods an individual ends up with after trading. C. is the bundle of goods an individual inherits. D. is the bundle of goods and individual donates.
Present value:
A. is always greater than the future value of money. B. does not account for inflation. C. is how much an amount of money obtained in the future is worth today. D. All of these statements are true.