Refer to the graph shown. The profits earned by the monopolistically competitive firm represented equal:
A. $120.
B. $0.
C. $45.
D. $15.
Answer: D
Economics
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a. True b. False Indicate whether the statement is true or false
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GDP does not count:
A. the estimated value of homemaker production. B. state and local government purchases. C. spending for new homes. D. changes in inventories.
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Refer to the above figure. Which variable is autonomous with respect to real GDP?
A. real investment spending B. the sum of real consumption and real saving C. real consumption spending D. real saving
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