Which movement between two points represents economic growth?
A. J to K
B. K to L
C. L to M
D. M to N
B. Point O
Economics
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Why is price less than marginal revenue for a monopolist?
What will be an ideal response?
Economics
If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at: a. a 0 percent unemployment rate
b. a 2 percent unemployment rate. c. a 4 percent unemployment rate. d. the natural rate of unemployment.
Economics