When supply increases and the supply curve shifts to the right, equilibrium price ________ and equilibrium quantity ________.
A. increases; increases
B. increases; decreases
C. decreases; increases
D. decreases; decreases
Answer: C
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When good weather speeds the check-clearing process, float tends to ________ causing the Fed to initiate ________ open market ________
A) decrease; defensive; sales B) decrease; dynamic; sales C) decrease; defensive; purchases D) increase; dynamic; purchases
According to Edward Denison, the major source of labor productivity is
a. improvements in labor quality. b. economies of scale. c. the changing composition of the labor force. d. technological progress. e. education per worker.
Types of price discrimination practiced by post-bellum railroads included all of the following except:
a. varied rates based on passengers' gender. b. varied rates based on town of origin. c. higher rates per mile for short-hauls than for long-hauls.d varied rates based on passengers' occupation .
Above a certain income the marginal social security tax drops to zero
a. True b. False Indicate whether the statement is true or false