In the 1970s we had _____ recessions and in the 1980s we had _____ recessions.
Fill in the blank(s) with the appropriate word(s).
2; 2
Economics
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The demand curve faced by a pure monopolist
A) is the same as its marginal revenue curve. B) is perfectly inelastic. C) lies below the marginal revenue curve. D) is the market demand curve.
Economics
The worker-misperception explanation of the SRAS curve is used to explain why
A) SRAS curves shift to the right B) SRAS curves shift to the left C) the AD curve cannot change the price level if the SRAS curve is operational. D) the SRAS curve slopes downward. E) none of the above
Economics