In a perfectly competitive market, in the long run, arbitrage profits will be bid away
Indicate whether the statement is true or false
TRUE
Economics
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A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal
A) anchor. B) benchmark. C) tether. D) guideline.
Economics
Refer to the given data. If the wage rate is $11, how many workers will the firm choose to employ?
A. 5.
B. 4.
C. 3.
D. 2.
Economics