If everyone expects prices to fall but they do not, then
a. nothing happens.
b. the IS curve shifts to the left and the AD curve shifts to the right.
c. both IS and AD shift to the right.
d. both IS and AD shift to the left.
e. the IS curve shifts to the right, the AD curve shifts to the left.
C
Economics
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Typically, total utility derived from consumption decreases as more of a good is consumed
Indicate whether the statement is true or false
Economics
If a monopolist wishes to increase its output and quantity sold
A) it must reduce its price, so its marginal revenue is greater than its price. B) it must reduce its price, so its marginal revenue is less than its price. C) it must raise its price, so its marginal revenue is greater than its price. D) it must raise its price, so its marginal revenue is less than its price.
Economics