A(n) ____ may offer products that are either differentiated or identical
a. monopolistically competitive firm
b. monopolist
c. oligopolistic firm
d. perfectly competitive firm
e. monopsonist
c
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The real interest rate, business taxes, expected profits and business confidence, and capacity utilization are embedded in the slope of the investment function
Indicate whether the statement is true or false
The long-run effect of an increase in the money supply is to
A. increase the price level. B. decrease the interest rate. C. decrease the price level. D. increase the interest rate.
A basic distinction between the long run and the short run is that
A. if a firm produces no output in the long run, it still incurs a cost. B. in the long run, some inputs are fixed, while in the short run, all inputs are variable. C. the opportunity costs of production are lower in the short run than in the long run. D. in the short run, complete adjustment of all inputs is impossible, while in the long run all inputs can be adjusted.
What is the DRG system?
What will be an ideal response?