Refer to the above figure. Which panel represents the long-run situation for a monopolistically competitive firm?
A. Panel A
B. Panel B
C. Panel C
D. Panel D
Answer: D
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Other things the same, a decrease in the interest rate
a. reduces domestic investment which reduces the quantity of loanable funds supplied. b. reduces domestic investment which reduces the quantity of loan funds demanded. c. raises domestic investment which raises the quantity of loanable funds supplied. d. raises domestic investment which raises the quantity of loanable funds demanded.
Refer to the accompanying figure.
Based on the figure, when PAE = 600 + 0.5Y, short-run equilibrium output equals:
A. 600. B. 400. C. 800. D. 1,200.
Which of the following could increase the quantity of workers employed in the labor market?
A. An increase in the demand for labor B. An increase in the minimum wage C. A leftward shift in the labor demand curve D. A leftward shift in the labor supply curve
It is generally ________ to fire a bad public school teacher ________.
A. easy; who has little interest in teaching any longer B. difficult; who has tenure C. easy; who has tenure D. impossible; who has committed a felony