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Author Question: In the short run, a monopolistically competitive firm can earn A) positive profits only. B) zero ... (Read 108 times)

bb

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In the short run, a monopolistically competitive firm can earn
 
  A) positive profits only.
  B) zero profits only.
  C) zero or positive profits only.
  D) zero, positive or negative profits.

Question 2

How does the original, simplified Keynesian model compare with modern Keynesian analysis?
 
  A) The original Keynesian model assumed price flexibility whereas the modern analysis does not.
  B) In both cases, the short-run aggregate supply curve (SRAS) is horizontal.
  C) Modern analysis shows an upward sloping SRAS to reflect some price flexibility. The original Keynesian model's SRAS is horizontal and assumes sticky prices.
  D) all of the above



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lolol

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Answer to Question 1

D

Answer to Question 2

C




bb

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Reply 2 on: Jun 29, 2018
Wow, this really help


shewald78

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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