When drawn against the real interest rate, the output demand curve shifts to the right when
A) current total factor productivity z increases.
B) current total factor productivity z decreases.
C) future total factor productivity z' increases.
D) future total factor productivity z' decreases.
C
Economics
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The imposition of a binding price ceiling on a market often results in: a. an increase in investment in the industry
b. a surplus. c. a shortage. d. a decrease in discrimination on the part of sellers.
Economics
If an oligopolist is faced with a marginal revenue curve that has a gap in it, we may assume that:
A. it is colluding with its rivals to maximize joint profits. B. its demand curve is kinked. C. it is selling a standardized product. D. it is selling a differentiated product.
Economics