Excess demand occurs:
A. when price is above the equilibrium price.
B. whenever the market is in equilibrium.
C. when price is below the equilibrium price.
D. whenever the market is not in equilibrium.
Answer: C
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The cost of producing one more pizza is the
A) price. B) marginal benefit. C) marginal cost. D) producer surplus.
Identify at least two problems a borrower would face if banks were not required to disclose the information that they are currently required to make available.
What will be an ideal response?
Spending on new capital goods, new homes, and the addition of unsold goods to company inventories is included in:
A. service spending. B. investment spending. C. government purchases. D. consumption expenditures.
Refer to the diagram. If U.S. consumers increase their travel to eurozone nations, we would expect:
A. the demand for euros to increase and the euro to appreciate.
B. the demand for euros to increase and the dollar to appreciate.
C. the supply of euros to increase and the euro to depreciate.
D. the supply of euros to decrease and the dollar to depreciate.