During the Vietnam War, the economy plunged into stagflation
Indicate whether the statement is true or false
F
Economics
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It is appropriate to use the supply-and demand-model if, in a market
A) everyone is a price taker with full information about the price and quality of the good. B) firms sell identical products. C) costs of trading are low. D) All of the above.
Economics
If the firm hires 5 workers, the average cost equals
a. $10 b. $1000 c. $80 d. Need more information
Economics