Which of the following is most likely to lead to an increase in the rental price of apartments near your campus?
a. lower property taxes on apartment buildings
b. an unexpected increase in enrollment at your college
c. lower prices for the bricks used in the construction of apartments
d. the building of a new large dormitory on the college campus
B
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A lower price level causes us to
A) move up along the aggregate demand curve. B) move down along the aggregate demand curve. C) shift the aggregate demand curve to the right. D) shift the aggregate demand curve to the left.
If Bank A is unable to find high-quality opportunities to make loans to private borrowers, then it can _____ in order to make some money out of the deposits
a. invest in the mutual funds market b. provide loans to international borrowers c. start a new business of its own d. invest in the securities market
Income Mexican citizens earn in the U.S. counts in
A. Mexican GNP. B. U.S. GNP. C. Mexican GDP. D. both U.S. and Mexican GDP.
An important difference between the situation faced by a profit-maximizing competitive price-searcher firm in the short run and the situation faced by that same firm in the long run is that in the short run,
a. price may exceed marginal revenue, but in the long run, price will equal marginal revenue. b. price may exceed marginal cost, but in the long run, price will equal marginal cost. c. price may exceed average total cost, but in the long run, price will equal average total cost. d. there are many firms in the market, but in the long run, there are only a few firms in the market.