• 2021-04-14
    The static budget is based on the ________ level of output and the flexible budget is based on the ________ level of output.
  • expected; actual

    内容

    • 0

      In the short run, the impact of an increase in the money supply on the price level and real output will be: Price level Real output() ①A. Increase Increase ②B. Increase No change ③C. No change Increase A: ① B: ② C: ③

    • 1

      Refer to Figure 10.3. The profit-maximizing level of output for this monopolist is ________ units of output.572ff1c1e4b0809f2416fcc1.png

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      The slope of the AS-curve becomes steeper A: as nominal wages become more flexible B: as nominal wages become more rigid C: as the actual level of output moves further away from potential output D: as the economy approaches full employment E: both A) and D)

    • 3

      Categorization is the process of classifying our experiences into different categories based on commonalities and differences. There are basic level, s_______ level, and s_______ level.

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      Whichofthefollowingstatementsisnotcharacteristicofaperfectlycompetitiveindustryinlong-runequilibrium?Ceterisparibus,thereisnotendencyforfirmstoeitherenterorexittheindustry.A.A profit-maximizing firm may produce any output level at which P B.Every firm produces at an output level at which MC = LRATC.C.Ceteris paribus, there is no tendency for firms to either enter or exit the industry.D.No firm earns an economic profit.