Each of the following took place in the latter half of the 1990s except
A. a falling rate of inflation.
B. a rising stock market.
C. an economic boom.
D. a rising unemployment rate.
D. a rising unemployment rate.
You might also like to view...
Amount of good or service that producers are willing and able to sell at the current price
What will be an ideal response?
For a firm facing a downward sloping demand curve, marginal revenue
A) is at a minimum at the midpoint of the demand curve. B) is greater at higher prices than at lower prices. C) increases each time prices are lowered. D) falls each time prices are raised.
Suppose the supply of ocean front property in San Diego is perfectly inelastic. Any increases in demand for this property increases the
A. present discounted value. B. economic rent. C. opportunity cost of land owners. D. real interest rate.
The price of mozzarella cheese, which is used in making pizza, increases. In the market for pizza you would expect that
A. the supply of pizza would increase and the price of pizza would decrease. B. the demand for pizza would increase and the price of pizza would increase. C. the supply of pizza would decrease and the price of pizza would increase. D. the demand for pizza would decrease and the price of pizza would fall.