The equilibrium price in a market is found where
A. The market supply curve intersects the y-axis.
B. The market demand curve intersects the y-axis.
C. The market supply curve intersects the x-axis.
D. The market supply curve intersects the market demand curve.
Answer: D
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Keynesian policies focus on _____while neoclassical policies focus on __________.
a. long-run potential GDP; actual GDP b. aggregate supply; aggregate demand c. aggregate demand; aggregate supply d. actual GDP; long-run potential GDP
Gretchen is a writer who works from her home. Gretchen lives next door to Randall, the trumpet player for a local band. Randall needs lots of practice to earn his share of the band's profit, which will amount to $350 . Gretchen gets distracted by Randall's trumpet playing but she needs to get her writing done to earn $570 for her current article. If Randall owns the right to play his music and
Gretchen needs to hire a lawyer to help her reach an agreement with Randall, then what price is Gretchen willing to pay the lawyer? a. less than $220 b. less than $350 c. less than $570 d. less than $920
Small Business
What will be an ideal response?
Which of the following are considered ad valorem taxes?
A) taxes assessed by charging a rate equal to a percentage of an item's price B) taxes assessed by charging a flat amount per unit purchased C) taxes based on the amount of debt that the government must repay D) taxes based on the amount of spending the government will undertake