When aggregate economic activity is declining, the economy is said to be in:

Related MCQs

• When aggregate economic activity is increasing, the economy is said to be in:
• A natural monopoly has a declining ________ over a large range of output
• ‘Stagflation’ is a situation where the economy faces
• In a closed economy which of the following is not a macroeconomic objective?
• Who develop the ISLM open economy model?
• The economic incentive for price discrimination depends on:
• If firms in monopolistic competition are enjoying positive economic profits, in the long run
• In the long run, a perfectly competitive firm earning zero economic profits
• According to economic pricing theory, the basic objective of every pricing strategy
• Monopolists are said to be allocatively inefficient because: