If this firm were a perfect competitor, at what price would it charge in the long run?

Prescott's calibrated RBC model showed that the actual and simulated ________ of five key macroeconomic variables were very close

A) magnitudes B) slopes C) volatilities D) betas

As the period for firms to expand output is lengthened, the elasticity of the market supply curve will:

A. approach zero. B. increase. C. decrease. D. remain the same since time does not affect the elasticity of market supply.