The price of iPhones has fallen dramatically. Which of the following is likely to happen?
A) The quantity of iPhones supplied will increase. B) The supply of iPhones will increase.
C) The quantity of iPhones supplied will decrease. D) The supply of iPhones will decrease.
C
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If bundles of goods A and B lie on the same indifference curve, one can assume the individual
a. prefers bundle A to bundle B. b. prefers bundle B to bundle A. c. enjoys bundle A and B equally. d. bundle A contains the same goods as bundle B.
A favorable supply shock will cause inflation to
a. rise and shift the short-run Phillips curve right. b. rise and shift the short-run Phillips curve left. c. fall and shift the short-run Phillips curve right. d. fall and shift the short-run Phillips curve left.
The larges10 banks in the United States hold slightly over _______ percent of the total deposits in the 8000 banks in the country.
A. 15 B. 25 C. 40 D. 50
If a nation produces more consumer goods and less capital goods, then the nation will have:
A. More consumption now, but less consumption later B. Less consumption now, but more consumption later C. More consumption now, with no effect on consumption later D. Less consumption later, with no effect on consumption now