If producers have an expectation of higher future prices, the supply of the good that is currently available
A. will be all that is produced.
B. will increase.
C. will decrease.
D. will not change.
Answer: C
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If marginal product is negative, total product must be negative
a. True b. False
Which of the following is correct?
a. The Federal Reserve has 14 regional banks. The Board of Governors has 12 members who serve 7-year terms. b. The Federal Reserve has 14 regional banks. The Board of Governors has 7 members who serve 14-year terms. c. The Federal Reserve has 12 regional banks. The Board of Governors has 12 members who serve 7-year terms. d. The Federal Reserve has 12 regional banks. The Board of Governors has 7 members who serve 14-year terms.
The minimum wage laws seek to
A. assure that all workers are paid the same wage rate. B. help teenagers find work. C. assure a minimum standard of payment for work. D. penalize employers that are not complying with labor laws.
A decrease in expected profit
A) lowers the equilibrium real interest rate. B) decreases the supply of loanable funds. C) increases the supply of loanable funds. D) increases the demand for loanable funds. E) raises the equilibrium real interest rate.