Deadweight losses are associated with monopolistic competition:
a. In the short run, but not the long run
b. In the long run, but not the short run
c. In both the short and long run
d. In neither the short run nor the long run
c
Economics
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Fiscal policy occurs when:
A. the government changes its plan for spending and taxing. B. the Federal Reserve makes changes to the federal budget. C. the government changes its plan for the money supply. D. the government raises or lowers nominal interest rates.
Economics
Labor productivity can increase without capital deepening with changes in
a. saving b. technology c. the quality of natural resources d. the natural resource base e. the capital-labor ratio
Economics