Which of the following statements is true?
A) It is possible for an economy to change its economic institutions but not its political institutions.
B) Neither the political institutions not the economic institutions of a nation can be changed.
C) It is possible for an economy to change its political institutions but not its economic institutions.
D) It is possible for an economy to change both its political and economic institutions.
D
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For a perfectly competitive firm, as its output increases its marginal revenue ________ and its marginal cost ________
A) changes; changes B) changes; does not change C) does not change; changes D) does not change; does not change
If it is the real rate of interest that savers and borrowers respond to, how does the Fed impact a real rate by targeting a nominal rate of interest?
What will be an ideal response?