Which of the following is a major macroeconomic goal?

a. Low prices
b. Fair prices
c. Pure competition
d. Low unemployment
e. High prices


D

Economics

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When the firm is at its shutdown price

a. it has losses equal to fixed costs. b. break-even line right at bottom of MC c. shut down price is below AVC d. all of the above

Economics

If a firm is experiencing diseconomies of scale, its long-run marginal cost curve is upward sloping

a. True b. False

Economics

In the short run, expansionary monetary policy ________ real gross domestic product (GDP), ________ unemployment, and ________ the price level.

Fill in the blank(s) with the appropriate word(s).

Economics

Figure 33-6 ? If Figure 33-6 (a) illustrates the elimination of a recessionary gap, then the economy should move to what point on the curves shown in Figure 33-6 (b)?

A. From e to r B. From g to j C. From r to j D. From r to m

Economics