The long-run supply curve for a competitive industry always has a positive slope
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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What is meant by aggregation? Why is aggregation important for macroeconomic analysis?
What will be an ideal response?
Economics
The Board of Governors of the Federal Reserve System has
a. six members. b. seven members. c. one member from each Federal Reserve Bank. d. twenty members.
Economics
Both price and quantity will increase when there is a(n)
a. increase in demand. b. decrease in demand. c. increase in supply d. decrease in supply.
Economics
Which of the following best represents the effect of an increase in investment?
A.
Moving from point a to point b
B.
Moving from point d to point c
C.
Moving from point a to point c
D.
Moving from point b to point d
Economics