When personal computers became popular, several new firms entered the competition. What effect did this have on supply?
A. Increase in the quantity supplied
B. Decrease in the quantity supplied
C. Shift of the supply curve to the left
D. Shift of the supply curve to the right
D. Shift of the supply curve to the right
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Which of the following is most consistent with the time-inconsistency problem?
A) while it is ten o'clock in the morning in Chicago, it will be eleven o'clock in New York City B) a monetary policy action that is implemented in January will not begin to influence economic variables for several months C) a parent who acquiesces to a child's demand just to keep them quiet in a public setting D) an economic model with adaptive expectations
Social insurance programs do not provide
a. disability payments b. Medicare payments c. international aid d. unemployment income e. retirement income
A headline reads "Good weather increases the lettuce crop." This situation would lead to a(n):
a. Decrease in the price of lettuce and an increase in the quantity purchased b. Increase in the price of lettuce and quantity purchased c. Decrease in the price of lettuce and decline in quantity purchased d. Increase in the price of lettuce and decrease in quantity purchased
A decrease in the price of inputs shifts the AS curve to the left.
Answer the following statement true (T) or false (F)