The supply curve for bonds has the usual upward slope, indicating that as the price ________, ceteris paribus, the ________ increases
A) falls; supply
B) falls; quantity supplied
C) rises; supply
D) rises; quantity supplied
D
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If the economy's real GDP doubles in 8 years, we can
A. conclude that its average annual rate of growth is 9%. B. conclude that its average annual rate of growth is 12%. C. conclude that its average annual rate of growth is 8%. D. not say anything about the average annual rate of growth.
In a system of flexible exchange rates, a reduction in the money supply will cause
a. a rise in the value of the dollar relative to foreign currencies. b. a fall in the value of the dollar relative to foreign currencies. c. no change in the value of the dollar relative to foreign currencies. d. a change in the value of the dollar relative to foreign currencies but the direction of the change is uncertain.
Two heavy equipment manufacturers might collude in an effort to do all of the following except one. Which is the exception?
a. determine a more advantageous price and quantity b. prevent new entry into the market c. take advantage of the legal benefits that U.S. cartels receive d. increase their combined profits e. predict the behavior of other competitors in the heavy equipment market with greater certainty
A monopolistic competitor can expect to earn an economic profit in the long run
a. True b. False Indicate whether the statement is true or false