Compared to a perfectly competitive firm, in a long run the monopolistically competitive firm will have
A) a lower price.
B) a lower average cost.
C) a horizontal demand function.
D) a lower rate of output.
D
Economics
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If the MPC is 0.6, then a 50-unit rise in taxes and a 50-unit rise in government spending will shift the IS curve
a. to the right by 50 units. b. to the right by 75 units. c. to the left by 125 units. d. to the left by 75 units.
Economics
Politicians have suggested that the budget deficit could be reduced by
A) increasing taxes and reducing expenditures. B) lowering the interest rates. C) imposing higher tariffs on imported goods. D) forbidding interest payments on government bonds outsourcing.
Economics