Which of the following may result in a higher equilibrium price for a product?

a. Advertising
b. Expectations
c. Imperfect information
d. All of the above answers are true.
e. None of the above answers a.-c. are true.


d

Economics

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When we believe the best result will come from the decision we have made, we are being:

A. gullible. B. short-sighted. C. rational. D. considerate.

Economics

Nominal GDP increases when either or both prices and output increase

Indicate whether the statement is true or false

Economics

Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.

A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary

Economics

Command-and-control approaches to reducing pollution can be criticized on the grounds that they may be all of the following EXCEPT

A. inflexible. B. overly expensive. C. politically unpopular. D. counterproductive.

Economics