Milton Friedman is widely considered to be the father of monetarism
a. True
b. False
Indicate whether the statement is true or false
True
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A change in the slope of a budget constraint indicates:
A) a change in the price of either good that causes a change in the opportunity cost. B) a change in the consumer's income. C) a change in the price of either good without a change in the opportunity cost. D) a change in the consumer's tastes and preferences.
What causes the aggregate demand curve to shift?
What will be an ideal response?
Monopolists differ from perfectly competitive firms
A. on the cost and demand sides of the profit equation. B. on neither the cost nor demand sides of the profit equation. C. on the cost side of the profit equation alone. D. on the demand side of the profit equation alone.
Differentiate between a closed economy and an open economy
What will be an ideal response?