Firms choose the highest indifference curve they can obtain given the lowest possible budget line

Even when the Obama administration succeeds with its effort to gain Congressional approval for its stimulus proposals, it will still take time for these policies to actually work. The time it takes for these policies to work is known as

A) automatic stabilization. B) crowding out. C) inside lags. D) outside lags.

If a firm is selling in an imperfectly competitive product market, then:

A. average product will be less than marginal product for any number of workers hired. B. the marginal products of successive workers must be sold at lower prices. C. the marginal products of successive workers can be sold at higher prices. D. the marginal products of successive workers can be sold at a constant price.