The majority of Americans at the end of the colonial period were of

If there is a decline in world autonomous consumption ________

A) the domestic real interest rate would fall B) domestic investment would rise C) net exports would fall D) all of the above E) none of the above

Which of the following statements about the monopolistically competitive market, in the long run, is true?

a. The resources are efficiently utilized. b. The firms make above-normal profit in the long run. c. The marginal-revenue curve coincides with the demand curve facing the firm. d. The firms produce the output level that is less than the output corresponding to the minimum of average total cost. e. The firms operate on the upward-sloping portion of the long run average cost curve.