An increase in the cost of an input will result in
A) a leftward shift in the firm's supply curve.
B) an upward shift of the firm's marginal cost curve.
C) a leftward shift of the market supply curve.
D) All of the above.
D
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Economic regulation aims to control the price, output, the entry of new firms, and the quality of service in industries in which monopoly appears inevitable or even desirable
a. True b. False
The government decides to increase its expenditures by $250. The multiplier in this economy is 4 and the tax rate is 22 percent. The net effect of this expansionary fiscal policy is to:
A. increase the budget deficit by $220. B. decrease the budget deficit by $220. C. decrease the budget deficit by $30. D. increase the budget deficit by $30.
Suppose that the domestic production of computer games creates enjoyment for those who play the games. Domestic production of computer games also results in knowledge spillovers that positively impact many other industries. One possible policy that could be employed to encourage increased production of computer games by domestic firms is
A. to eliminate all restrictions on the importation of computer games. B. to tax the production of computer games. C. to tax the consumption of computer games. D. to impose tariffs on computer game imports.
Disinflation is
A. a decrease in inflation rates. B. an increase in inflation rates. C. an increase in prices. D. a decrease in prices.