If the representative firm in a purely competitive industry is in short-run equilibrium and at its current output level, its marginal cost exceeds its average total cost, then we can conclude that:
A. The firm is suffering economic losses
B. The firm is not maximizing profits in the short run
C. Some firms will exit the industry in the long run
D. Other firms will enter the industry in the long run
D. Other firms will enter the industry in the long run
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What is the main difference between new Keynesian economists and monetarists? a. Monetarists support a fixed-price model, whereas new Keynesians believe that pricesfluctuate
b. Monetarists reject the idea that government intervention can stabilize the economy,whereas new Keynesians support this notion. c. Monetarists believe that the aggregate supply curve is always horizontal, whereas newKeynesians believe that the aggregate supply curve is always vertical. d. Monetarists believe that an increase in the money supply changes real GDPinstantaneously, whereas new Keynesians assume that economic policy operates witha long and variable lag. e. Monetarists believe that deficit spending helps stimulate economic growth, whereas new Keynesians advocate a balanced budget.
According to the efficient markets hypothesis, what changes the price of a share of a corporation's stock? Make up an example
Forecasts of an inevitable exhaustion of essential natural resources are “simply beside the point” because higher prices (i) reduce quantity demanded; (ii) stimulate supply; (iii) stimulate alternative technology.
A. i only. B. ii only. C. iii only. D. i, ii, and iii.
Which of these groups of nations are all members of the eurozone?
A. The United Kingdom, France, and Switzerland. B. France, Germany, and Italy. C. Denmark, Sweden, and Norway. D. Russia, Poland, and Hungary.