For the following questions answer them individually
In the case of price leadership by the dominant firm, all the firms in the purely oligopolistic industry will produce their best level of output
The Golden Rule rate of savings refers to
The best or optimum level of output for a perfectly competitive firm is given by the point where
When $$\alpha$$ = 3/4 and $$\beta$$ = 1/4 for the Cobb Douglas production function, returns to scale are
The natural rate of unemployment equals the sum of :
Which of the following statements is correct?
According to the Phillips curve, unemployment will return to the natural rate, when: