Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. The current market price is 2 cents per page. With no change in demand and technology, in the long run, the price will
A) remain unchanged.
B) rise to 5 cents per page.
C) rise to 4 cents per page.
D) fall to 1 cent per page.
A
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An increase in the price level in the United States will have what effect on the aggregate expenditure line?
A) Aggregate expenditure will shift upward. B) Aggregate expenditure will become steeper. C) Aggregate expenditure will shift downward. D) Aggregate expenditure will not be affected by an increase in the price level in the United States.
When examining the costs of regulation to the U.S. economy, economists can safely ignore the opportunity costs of regulation because they are relatively insignificant compared with the direct costs of regulation
a. True b. False Indicate whether the statement is true or false
If a tripling of price triples the quantity of a good supplied, the price elasticity of supply for this good is:
A. 3. B. 300. C. 1. D. ?1.
According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of an increase in the money supply
A. impacts the economy through the multiplier. B. impacts the economy by reducing the deficit. C. impacts the economy by increasing the amount of government spending. D. does not impact the economy.