Which of the following would increase output in the short run?
a. an increase in stock prices makes people feel wealthier
b. government spending increases
c. firms chose to purchase more investment goods
d. All of the above are correct.
d
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Suppose that Tom bought a bike from Helen for $195. If Helen's reservation price was $185, and Tom's reservation price was $215, the seller's surplus from this transaction was:
A. $20 B. $215 C. $195 D. $10
The figure above shows the demand for fruit snacks. Which movement reflects an increase in the price of a complement for fruit snacks?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
The welfare reforms of 1996 were entirely driven by flawed character biases
Indicate whether the statement is true or false
Firms in a monopolistically competitive market will produce where the difference between TR and TC are maximized
a. True b. False