The goals of rate regulation have included the prevention of
A) monopoly profits.
B) oligopolistic pricing.
C) marginal cost pricing.
D) average cost pricing.
A
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By looking at aggregate demand via its component parts, we can conclude that the aggregate demand curve is downward sloping because
A) a lower inflation rate causes the real interest rate to fall, and stimulates planned investment spending. B) a lower inflation rate causes the real interest rate to rise, and stimulates planned investment spending. C) a higher inflation rate causes the real interest rate to fall, and stimulates planned investment spending. D) a higher inflation rate causes the real interest rate to rise, and stimulates planned investment spending.
The American colonies' estimated cost of membership in the British Empire was, according to most economic historians, fairly large
Indicate whether the statement is true or false
Excess capacity is defined as the difference between a firm's maximum possible output and its actual output
a. True b. False
The production possibilities curve shows different combinations of goods that:
a. can be consumed by households. b. can be consumed by firms. c. can be produced with the available technology. d. are produced and consumed by firms. e. are bought and sold in the market.