Which of the following will shift the aggregate demand curve to the left, ceteris paribus?
A) an increase in disposable income B) an increase in expected profits for firms
C) an increase in net exports D) an increase in interest rates
D
Economics
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One of the effects of patents is to
a. reduce incentives for innovation. b. give firms incentives to worry less about minimizing production costs. c. temporarily provide the patent owner with monopoly power. d. reduce the degree of monopoly power in the short run.
Economics
If large fixed costs result in ATC falling as output increases and this occurs over the relevant range of output, this industry is a:
A. natural monopoly. B. network externality. C. profit maximizer. D. constant-cost industry.
Economics