___________ than would be the case if all firms had identical products and prices.

a. flatter
b. steeper
c. farther to the right
d. less elastic

Ans: a. flatter

Economics

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Why would a firm knowingly hire lazy employees?

A) Lazy employees have positive marginal revenue product. B) Lazy employees have successfully sued firms in the past. C) The Americans with Disabilities Act mandates that laziness be considered a disability. D) Lazy employees make hard-working employees look good.

Economics

Both monetary policy and fiscal policy were used in response to the recession of 2007-2009

a. True b. False Indicate whether the statement is true or false

Economics