Consider the economy of simonia, which is initially operating at its long‑run equilibrium. move point a to label the initial equilibrium point.

now suppose that the citizens of simonia become pessimistic about the future of their economy, causing a decline in aggregate demand. shift the appropriate curve or curves to illustrate a decline in aggregate demand. then move point b to label the new equilibrium point in the economy.

as a result of the decrease in aggregate demand, the economy of simonia experiences

a. deflation and high unemployment.

b. inflation and low unemployment.

c. inflation and high unemployment.

d. deflation and low unemployment.

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.