If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
a. change to a positive slope.
b. change to a negative slope.
c. shift to the left.
d. shift to the right.
c
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Investment spending tends to be
A) anticyclical. B) a periodic variable. C) unrelated to GDP. D) procyclical.
Monetarists believe that the private sector of our economy is inherently ______.
Fill in the blank(s) with the appropriate word(s).
A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris paribus.
Answer the following statement true (T) or false (F)
If a freeze destroys oranges before they are harvested, the equilibrium price of an orange ________ and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases