How is economic growth graphically depicted?
A) The long-run aggregate supply curve shifts right.
B) Aggregate demand shifts to the right.
C) Short-run aggregate supply shifts left.
D) The aggregate demand curve shifts to the left.
A
Economics
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A snowmobile rental shop asked its best customer how often he would rent at various rates. Which of the following will show the data on a graph?
a. individual demand schedule b. market demand schedule c. individual demand curve d. market demand curve
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Which of the following is ALWAYS true when a single-price monopolist maximizes its profit?
A) P = MC B) P = MR C) MR = MC D) MC = ATC E) P > ATC
Economics