The "WIN" button approach to breaking a wage-price spiral was proposed by President Ford to a joint session of Congress
a. True
b. False
Indicate whether the statement is true or false
True
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The marginal cost curve of pollution abatement is
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
If a competitive firm can sell its product at $1,600 per unit and the marginal cost of the firm is MC = 1,100 + 2Q, then the firm will produce
A. 1,084 units. B. 160 units. C. 1,100 units. D. 250 units.
Assume the price of beer is $4, the price of pizza is $10 and the consumer's income is $250. Which consumption bundle will NOT be the consumer's choice?
A) 5 Beer, 5 Pizza B) 0 Beer, 25 Pizza C) 25 Beer, 15 Pizza D) None of the bundle will be chosen.
Peaks and troughs of the business cycle are known collectively as
A. turning points. B. volatility. C. equilibrium points. D. real business cycle events.