Refer to Figure 12-11. Suppose the prevailing price is $20 and the firm is currently producing 1,350 units. In the long-run equilibrium
A) there will be fewer firms in the industry and total industry output decreases.
B) there will be fewer firms in the industry but total industry output increases.
C) there will be more firms in the industry and total industry output remains constant.
D) there will be more firms in the industry and total industry output increases.
D
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If a country experiences capital flight, which curves shift right?
a. the demand for loanable funds and the demand for its currency in the market for foreign-currency exchange b. the demand for loanable funds and the supply of its currency in the market for foreign-currency exchange c. the supply of loanable funds and the demand for its currency in the market for foreign-currency exchange d. the supply of loanable funds and the supply of its currency in the market for foreign-currency exchange
The natural rate of unemployment is
A. the unemployment rate when cyclical unemployment is the only type of unemployment. B. the rate of unemployment associated with long-run equilibrium. C. zero. D. the unemployment rate when there is no frictional unemployment.