The supply curve shifts to the right when a seller sells a good.
Answer the following statement true (T) or false (F)
False
The market supply curve is a summary of the supply intentions of all producers.
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Suppose the U.S. government announces that it will bring the federal budget deficit to zero, over the next ten years, with no change in tax rates
Describe the effects of such a policy according to the three business cycle models, assuming that the policy is fully credible.
As the present value of the future earnings from owning an asset ____, the market value of the asset ____
a. decreases; increases b. increases; decreases c. increases; increases d. increases; is uncertain
Which of the following will cause an increase in producer surplus?
a. the imposition of a binding price ceiling in the market b. buyers expect the price of the good to be lower next month c. the price of a substitute increases d. income increases and buyers consider the good to be inferior
The quantity theory of money and prices assumes
A. velocity is increasing at a constant rate. B. the price level is constant. C. the price level is increasing at a constant rate. D. velocity is constant.