The total revenue graph consistent with Table 8.1 is
A) linear and upward-sloping.
B) linear and horizontal.
C) linear and vertical.
D) linear and downward-sloping.
E) concave downwards.
A
Economics
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In IS-LM analysis, the nominal interest rate is
A) purely a monetary phenomenon. B) purely a real phenomenon. C) both a monetary and a real phenomenon. D) neither a real nor a monetary phenomenon, but determined by government policy.
Economics
Firms are ________ with an economic profit of zero, they will ________ in the industry since they ________ be better off in another industry
A) satisfied; stay; won't B) unsatisfied; leave; will C) satisfied; leave; will D) unsatisfied; stay; won't
Economics