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Which of the following is a valid reason as to why prices will not always adjust to changes in spending?
a. not all prices are set at the same time but are staggered in time
b. labor’s productivity is falling as education in other nations is improving
c. firms refuse to accumulate inventories and lower prices to keep inventories from increasing
d. all of the above
Assume that you are the manager of a firm. You are concerned about a potential increase in interest rates because it would reduce the demand for your products. Currently, economic growth is high, but annual inflation has increased from 3 percent to 5..
A narrative essay on "Should government ensure basic comprehensive medical care for all citizens as a basic human right and pay for this through general tax revenues? Why or why not? What do you think would happen to your taxes? What would happen to ..
dont tell me weve lost another bid exclaimed janice hudson president of prime products inc. im afraid so replied doug
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
What do the problems with the measurement of the Gross Domestic Product (GDP), Consumer Price Index (CPI) and unemployment rate statistics mean about the actual state of the economy as compared to what the statistics indicate. Is the country really d..
The more abundant are idle resources when AD (aggregate demand) rises ....
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
If the tax multiplier is -1.5 and a $200 billion tax increase is implemented, what is the change in GDP, holding everything else constant?
conomist Robert Fogel focused on which of the following factors as one determinant of long-run economic growth.
if the price is greater than the average variable cost and less than the average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm.
Profit Maximizing Rule: A firm maximizes profit by continuing to produce and sell output until Marginal Revenue (MR) = Marginal Cost (MC).
q1. alpha airlines the only carrier currently offering flights to and from town a heard that beta airlines was thinking
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