The Keynesians argue that even if the interest rate does __________ in response to a decrease in investment, there is __________ guarantee that spending will increase very much
A) increase; no
B) increase; a
C) decrease; no
D) decrease; a
C
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Refer to the figure above. What is the total surplus before Barylia opens up to free trade?
A) $250 B) $325 C) $800 D) $1,125
If a perfectly competitive industry were taken over by a monopoly, the monopoly would usually produce more output and charge a higher price
a. True b. False
If the demand for a consumer good decreases, the demand for resources required to make the good will
a. increase. b. remain the same, but the quantity demanded will increase. c. decrease. d. increase or decrease depending on whether the demand for the product is elastic or inelastic.
What happens during a bank run?
a. The government orders a bank to close. b. States charter more banks than needed. c. The price of gold suddenly increases. d. More customers withdraw money than the bank has on hand.