Economists assume that the goal of a firm is to
A) maximize economic profits.
B) sell as many units as possible.
C) maximize gross revenues.
D) be the largest firm in its industry.
A
Economics
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Keynesian economists think general equilibrium is not attained quickly because
A) the real interest rate adjusts slowly. B) the level of output adjusts slowly. C) the real wage rate adjusts slowly. D) the price level adjusts slowly.
Economics
The point where quantity demanded and quantity supplied are equal is known as the
a. ceiling price. b. minimum price. c. equilibrium price. d. administered price.
Economics