Since the year 1959, the poverty rate has
A. increased very slightly.
B. increased significantly.
C. decreased significantly.
D. remained almost unchanged.
Answer: C
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According to Keynes, the primary determinant of a person's saving is NOT
A) the person's level of income but the desired real income of the person. B) the person's level of savings but the expected interest rate in the near future. C) the interest rate but the level of savings the person has. D) the interest rate but the level of the person's real disposable income.
The marginal revenue curve of a monopolistically competitive firm will always lie:
a. below the firm's demand curve. b. parallel to the firm's demand curve. c. parallel to the firm's quantity axis. d. above the firm's demand curve.
In 1973 and 1979, the U.S. federal government imposed price ceilings on gasoline which resulted in surpluses of gasoline
Indicate whether the statement is true or false
When the number of substitutes increase, the demand curve for a monopolist will
A. become steeper. B. become more inelastic. C. become more elastic. D. not change.