Refer to Figure 14.1. Other things equal, an increase in government spending on infrastructure projects is best represented as a movement from

If the economy is not operating at full-employment real GDP, classical economists prescribe a government policy of nonintervention

a. True b. False Indicate whether the statement is true or false

A firm in perfect competition and one in monopolistic competition are very similar in that MR = P for firms in both markets.

Answer the following statement true (T) or false (F)