Which of the following is an empirical issue?
A) The degree to which investment will decline as the interest rate rises.
B) The assumptions of the simple quantity theory of money.
C) The predictions of the simple quantity theory of money.
D) The degree to which wages are flexible.
E) a and d
E
Economics
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The actual rate of unemployment will generally
a. increase as an economy enters a recession. b. decrease as an economy enters a recession. c. fall below the natural rate of unemployment during a recession. d. do both a and c.
Economics
Since marginal revenue is less than price for a monopolist, a monopolist maximizes profits by equating marginal revenue and marginal cost, not price and marginal cost.
Answer the following statement true (T) or false (F)
Economics