If the Fed doubled the money supply in one day, the amount of goods and services traded would:
A. not change.
B. increase.
C. decrease.
D. collapse.
A. not change.
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Electricity pricing that varies in its billing expense throughout the day is called
a. marginal cost pricing b. variable pricing c. full cost pricing pricing d. marginal pricing e. dynamic pricing
A budget constraint:
A. shows a constant dollar amount spent on different combinations of goods, and each bundle brings the same utility. B. shows a constant dollar amount spent on different combinations of goods, and each bundle brings a different amount of utility. C. shows a constant amount of utility gained by consuming different combinations of goods, and each bundle costs the same. D. None of these is true.
A price searcher is any firm that has no control over price and must accept the market price as given
a. True b. False
If the government imposes a maximum price on rental apartments that is below the equilibrium price, we can expect to see all of the following except:
A. landlords doing less maintenance to their rental units. B. new apartment units being built. C. renters spending more time searching for apartments. D. some building owners converting their apartments to condominiums.