Monopolizing the sale of liquor

A) can lead to an increase total welfare.
B) will decrease total welfare.
C) results in a deadweight loss.
D) is anti-competitive and thus lowers total welfare.

A

Economics

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Based on the figure above, the aggregate supply curve shifts rightward and the potential GDP line does not change when

A) the money wage rate rises. B) the price level rises. C) the money wage rate falls. D) the price level falls. E) both the price level and money wage rate rise by the same proportion.

Economics

Assume that employment increases by 3%. Holding all other factors constant, we know with certainty that which of the following will occur?

A) output will increase by 3% B) output per capita will increase by 3% C) output will increase by less than 3% D) the capital labor ratio will increase E) none of the above

Economics