Question 6 correct mark 100 out of 100 flag question

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Question Correct Mark 1.00 out of 1.00 Flag question Question text Perfect competition is important to study because it: Select one: 6 a. is a theoretical extreme used for analysis. b. is a realistic model of a few key markets. c. is a realistic model of many different markets. d. avoids all real-world problems and complexities. Feedback The correct answer is: is a theoretical extreme used for analysis.
Question Correct Mark 1.00 out of 1.00 Flag question Question text Monopolistic competition is an industry characterized by: Select one: 7
Question Correct Mark 1.00 out of 1.00 Flag question Question text According to the Case in Point on hockey teams, economic theory predicts that if a sports team consistently sells out its games, it will operate at a quantity where marginal revenue is: Select one: 8
Question 9 Correct Mark 1.00 out of 1.00 Flag question Question text
In the economy of a city called “Heaven” the aggregate demand is illustrated with the AD 0 curve. Suppose that after a relative directive comes directly by the Fed, the Board of Directors has taken the decision to reduce the money supply. How such a policy will be illustrated in the above figure and regarding its aggregate demand. Select one:
Question 10 Correct Mark 1.00 out of 1.00 Flag question Question text The natural rate of unemployment: Select one: a. increases during recessions. b. equals the sum of frictional and cyclical unemployment. c. equals the sum of frictional and structural unemployment.
d. is always less than full employment rate of unemployment. Feedback The correct answer is: equals the sum of frictional and structural unemployment.

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