Refer to the graphs above, in which the numbers in parentheses near the ad1, ad2, and ad3 labels indicate the level of investment spending associated with each curve. all figures are in billions. the economy is at point z on the investment demand curve. given these conditions, what policy should the monetary authorities pursue to achieve a noninflationary full-employment level of real gdp?

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Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.

Which of the following is the best example of substitution? a. movie producers begin making more comedies because they cost less to make than action films. b. people walk out before the end of a movie because the acting and the plot are terrible. c. people at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. d. more people begin going to matinee movies instead of night movies to save money on the tickets.