Supply curves are ________________ upward sloping
A) always
B) usually
C) rarely
D) never
B
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Which of the following statements is positive?
A. When the Federal Reserve increases the money supply, interest rates decrease. B. Higher taxes are needed to support education. C. Large budget deficits should be avoided. D. A tax cut that benefits low-income households is acceptable.
________ are financial assets that represent partial ownership of a corporation
A) Stocks B) Financial markets C) Bonds D) Certificates of deposit
In a self-regulating economy, inflationary and recessionary gaps produce shifts of the
A) AD curve that maintain the short-run equilibrium point. B) AD curve that move the economy to a long-run equilibrium point. C) SRAS curve that maintain the short-run equilibrium point. D) SRAS curve that move the economy to a long-run equilibrium point.
We consider ________ least likely to be a firm in an imperfectly competitive industry.
A. the only locally owned and operated television station in Portland, Oregon B. a corn farmer in Ohio C. Con Edison utility company D. a Starbucks in Houston, Texas