A direct or positive relationship between price and quantity supplied is
A) the market clearing price.
B) a change in demand.
C) a supply curve.
D) a demand curve.
Answer: C
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In the United States, regulations on mobile sources
a. are imposed only at the state and local levels of government b. are outlined in Title II of the CAAA of 1990 c. are solely market-based d. impose controls on vehicles only, with no regulations on fuels
Rising velocity means that people want to hold ________ nominal money per dollar of nominal GDP, which ________ the inflationary tendency of an increase in the money supply as one way of re-equating the demand and supply of money
A) more, strengthens B) more, weakens C) less, strengthens D) less, weakens
For a perfectly competitive firm, average revenue is: a. equal to marginal cost at all levels of output
b. equal to marginal revenue at all levels of output. c. equal to price at all levels of output. d. characterized by both (b) and (c).
Which of the following does not represent a "labor market rigidity" to which critics refer when discussing unemployment in Europe?
A) generous unemployment insurance B) restrictive monetary and fiscal policies C) a high degree of employment protection D) relatively high minimum wages E) none of the above