Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.A monopoly can make profits in the long run because of Select one: Barriers to entry A differentiated product Many competitors Lower prices 2.In a

1.A monopoly can make profits in the long run because of

Select one:

Barriers to entry

A differentiated product

Many competitors

Lower prices

2.In a contractionary phase of the cycle, automatic stabilisers

Select one:

Increase unemployment benefits paid, decrease tax collection and move the budget towards a deficit

Increase unemployment benefits paid, decrease tax collection and move the budget towards a surplus

Decrease unemployment benefits paid, increase tax collection and move the budget towards a deficit

Decrease unemployment benefits paid, increase tax collection and move the budget towards a surplus

3.Expansionary monetary policy means interest rates

Select one:

Decrease and contractionary monetary policy means interest rates increase

Increase and contractionary monetary policy means interest rates decrease

Decrease or increase depending on the stage of the business cycle

Remain unchanged

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Economics

Authors: Robert L Sexton

5th Edition

978-1439040249, 1439040249

More Books

Students also viewed these Economics questions