Refer to the table below. A technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price. As a result of this technological change, equilibrium output in this market:
A. Decreased by 60 units
B. Increased by 60 units
C. Increased by 30 units
D. Decreased by 30 units
C. Increased by 30 units
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A mutual fund that purchases a wide variety of stocks will
A) eliminate systematic risk. B) minimize nonsystematic risk. C) minimize market risk. D) minimize default risk.
Suppose that the demand and supply of money are initially in equilibrium, and that the demand for money increases. A monetary authority interested in keeping the money supply constant and the interest rate low must: a. adopt an expansionary monetary policy
b. adopt a contractionary monetary policy. c. increase the demand for money. d. decrease the demand for money. e. give up pursuing both goals at the same time.
The Council of Economic Advisers consists of thirty members and a staff of several dozen economists
a. True b. False Indicate whether the statement is true or false
What are the two largest categories of federal tax receipts?