Business cycle models with flexible prices
A) are all non-Keynesian models.
B) were first introduced in the General Theory of Employment, Interest, and Money.
C) the only business cycle models in use.
D) none of the above.
D
Economics
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A single-price monopoly has marginal revenue and marginal cost equal to $19 at 15 units of output where the price on the demand curve is $38. What is the firm's total revenue?
A) $38 B) $285 C) $570 D) $19 E) There is not enough information given to answer the question.
Economics
Any production point outside the production possibilities frontier is
A) unattainable. B) associated with unused resources. C) attainable only if prices fall. D) attainable only if prices rise.
Economics