If the market price falls below the average-variable-cost, the firm will suspend production
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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According to economists Robert Lucas and Thomas Sargent, when are the gains to accurately forecasting inflation highest?
A) when inflation is high and stable B) when inflation is moderate but stable C) when inflation is high and unstable D) when inflation is low
Economics
Moral hazard is due to
A) hidden characteristics. B) hidden actions. C) symmetric information. D) adverse selection.
Economics