An increase in consumer confidence will tend to cause which of the following to occur?
A) a rightward shift in the IS curve
B) a leftward shift in the IS curve
C) an upward shift in the LM curve
D) a downward shift in the LM curve
A
Economics
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Tara runs the only one-hour photo lab for 300 miles around, in an isolated west Texas town. Her lab technician explains to Tara that she is not producing the level of output that would minimize her average total costs. The lab technician tells her that
she should lower her price in order to increase her number of customers. Tara rejects her technician's analysis. Why doesn't she take her technician's advice?
Economics
Monopolistically competitive firms sell goods that are
a. close substitutes b. perfect substitutes c. not substitutes d. not differentiated products e. complements
Economics