The demand for an input used in a fixed proportions technology
A) is identical to the demand for the other inputs.
B) is greater than the demand for the end product itself.
C) lies below the demand for the end product itself.
D) is the same as the demand for the end product itself.
C
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Any change that reduces desired saving relative to desired investment (for a given level of output) causes the real interest rate to ________ and shifts the IS curve ________
A) increase; down and to the left B) increase; up and to the right C) decrease; down and to the left D) decrease; up and to the right
Which of the following equations accurately reflects long-run equilibrium in the monopolistically competitive firm?
a. DLR > ATC and MRLR = MC b. DLR < ATC and MRLR > MC c. DLR = ATC and MRLR = MC d. DLR = ATC and MRLR < MC