There will be short-run pressure on the price to rise whenever
A. P>ATC.
B. P
D. P
Answer: D
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A simultaneous increase in both the demand for computers and the supply of computers must increase
a. the number of computers bought and sold. b. the price of computers. c. both the equilibrium price and quantity of computers. d. the shortage of computers in the market.
The desired reserve ratio is 10 percent and banks have no excess reserves. Juliet deposits $300 in her bank. What is the maximum that Juliet's bank can now loan?
A) $3,000 B) $270 C) $30 D) $330 E) $300
The personal income tax excludes the imputed rent from owner-occupied housing from taxation.
A. True B. False C. Uncertain
The greatest advantage of a corporation is
A) ease of setting up the business. B) the double taxation of dividends. C) separation of ownership and control of the business. D) limited liability.