If the quantity of a good demanded by a typical consumer increases in response to the growth in purchases of other consumers,
A. a negative network externality is present.
B. a network externality is absent.
C. a network externality can be positive or negative
D. a positive network externality is present.
D. a positive network externality is present.
Economics
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Illustrate with a graph the effects of fiscal policy when exchange rates are fixed
What will be an ideal response?
Economics
Suppose we wish to examine the determinants of the equilibrium real wage and equilibrium level of employment (N). In a graph with the real wage on the vertical axis, and the level of employment on the horizontal axis, the wage-setting relation will now be
A) a vertical line. B) a horizontal line. C) an upward sloping line. D) a downward sloping line. E) a curve that first slopes upward, then downward.
Economics