Which of the following shifts the demand for watches to the right?
a. a decrease in the price of watches
b. a decrease in consumer incomes if watches are a normal good
c. a decrease in the price of watch batteries if watch batteries and watches are complements
d. an increase in the price of watches
e. none of the above
c. a decrease in the price of watch batteries if watch batteries and watches are complements.
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The annuity factor ________ by the amount of the annual payment equals the ________ value of payments for the specified number of years at the specified discount rate.
A) multiplied; future B) divided; present C) divided; future D) multiplied; present
When the output of an economy exceeds the economy's full-employment capacity,
a. aggregate supply will increase until the economy can produce the output at the existing price level. b. the actual rate of unemployment will be less than the natural rate. c. wage rates and resource prices will tend to fall. d. interest rates will decline and help direct the economy back to full employment.
A binding price ceiling may not help all consumers, but it does not hurt any consumers
a. True b. False Indicate whether the statement is true or false
Holding wages constant, any increase in productivity will decrease business costs, improve profitability, and encourage more production.
Answer the following statement true (T) or false (F)