A New Keynesian firm produces the output at which
A) marginal revenue equals zero.
B) marginal cost equals zero.
C) its selling price equals marginal cost.
D) marginal revenue equals marginal cost.
D
Economics
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A monopolistically competitive firm ________
A) can increase price without losing all of its business B) loses all of its business if it increases price slightly C) faces a perfectly elastic demand curve D) faces a perfectly inelastic demand curve
Economics
Using the simple Keynesian model, consider the case where taxes are lump-sum. Compared to the model without taxes, the investment multiplier in this model will
a. not change. b. be larger. c. be smaller. d. be equal to 1
Economics