Which of the following shifts aggregate demand to the left?
a. an increase in the price level
b. an increase in the money supply
c. a decrease in the price level
d. a decrease in the money supply
d
Economics
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The fraction of an industry's sales that are accounted for by the four largest firms is called
A) the four-firm competition ratio. B) the four-firm concentration ratio. C) the four-firm industry ratio. D) the four-firm oligopoly ratio.
Economics
Under the conditions of monopolistic competition:
A. firm profits are higher in the long run than in the short run. B. average costs of production are the same in the short run as they are in the long run. C. economic profit is zero in the long run. D. price equals marginal cost.
Economics