An increase in regulation will shift the aggregate:
a. demand curve leftward.
b. supply curve rightward.
c. supply curve leftward.
d. demand curve rightward.
c
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Customers are usually more willing to pay more for the first unit of a good they purchase than for the second, third, or subsequent units. This implies that
A) typical consumers are irrational. B) firms are using non-linear price discrimination. C) firms are unable to determine their customers' reservation prices. D) typical consumers have a downward sloping demand curve.
The loanable funds market is in equilibrium in all of the following situations except
a. when borrowers' and savers' desires to borrow and lend at a given rate of interest are satisfied b. at the interest rate that equates the quantity supplied and the quantity demanded of loanable funds c. when the excess supply of funds is zero d. when the excess demand of funds is zero e. when the interest rate is increasing due to an excess demand
Investors are often willing to pay positive prices for shares of firms that have never earned a profit because the investors
a. do not know the firms have never earned a profit. b. expect the firms to have positive net earnings in the future. c. expect that interest rates will rise in the future. d. expect that higher rates of inflation will push stock prices higher in the future.
An example of a positive statement is:
A) The rate of unemployment is 4 percent. B) A high rate of economic growth is good for the country. C) Everyone in the country needs to be covered by national health insurance. D) Baseball players should not be paid higher salaries than the president of the United States.