From 1980 to the mid 1990s the number of independent banking organizations in the United States
A) rose about 10%.
B) stayed roughly constant.
C) fell about 10%.
D) fell about 35%.
D
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You hear that the price of gasoline will fall 20 cents overnight. This will tend to
A) increase your demand today. B) decrease your demand tomorrow. C) increase your demand tomorrow. D) leave your demand unchanged both today and tomorrow, especially if it is highly elastic to changes in prices.
The inauguration of a new President often increases the degree of optimism in business firms and households, causing Ap to
A) rise and IS to shift leftward. B) fall and IS to shift leftward. C) fall and IS to increase. D) rise and IS to shift rightward.
The movement of the vertical _____ curve to the _____ reflects the increase in potential output on account of the development of new technologies, and increase in the quantity and quality of resources
a. long-run aggregate supply; right b. short-run aggregate supply; right c. short-run aggregate demand; left d. long-run aggregate demand curve; left e. long-run aggregate supply; left
In the long run, the movement of firms into and out of a perfectly competitive market will influence price by
a. shifting the market demand curve b. shifting the market supply curve c. making the market supply curve less elastic d. making the market demand curve less elastic e. shifting the supply curve for each firm in the market