The introduction of satellite television systems would cause the Lerner Index for cable television to
A) become smaller.
B) increase.
C) change in accordance to the increase in market power of cable TV providers.
D) be unchanged.
A
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The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
a. 1.0 b. their minimum values c. their average values d. 0.0 e. none of the above
If the demand increases in a perfectly competitive market, the price will:
A. temporarily increase. B. increase permanently. C. temporarily decrease. D. decrease permanently.
Which of the following statements about nominal interest and real interest is true?
A. Nominal interest is a yearly rate and real interest is a monthly rate. B. Nominal interest does not adjust for inflation, whereas real interest does. C. Nominal interest is what the lender receives and real interest is what the borrower pays. D. Nominal interest and real interest are two ways of saying the same thing.
A decrease in the level of capital inside a nation would cause the:
A. aggregate demand curve to shift to the right. B. long-run aggregate supply curve to shift to the left. C. long-run aggregate supply curve to shift to the right. D. short-run aggregate supply curve to shift to the right.