Refer to the information provided in Figure 30.1 below to answer the question(s) that follow.
Figure 30.1Refer to Figure 30.1. Growth in aggregate output causes a ________ through the accelerator effect.
A. shift from I3 to I1
B. movement from Point A to Point C
C. shift from I2 to I1
D. movement from Point A to Point B
Answer: A
Economics
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Assume a monopolist's marginal cost and marginal revenue curves intersect and the demand curve passes above its average total cost curve. The firm will:
a. make an economic profit. b. stay in operation in the short run, but shut down in the long run. c. shut down in the short run. d. lower the price.
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Public goods have two distinct features: nonexclusiveness and nonrivalry
Indicate whether the statement is true or false
Economics