According to the "law" of demand, we would expect
a. the demand curve to be negatively sloped.
b. the demand curve to be positively sloped.
c. the total quantity demanded by the market to move in the same direction as price.
d. marginal utility to increase as quantity demanded increases.
a
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Companies that enable investors to use their savings to buy financial securities are referred to as:
A) hedge fund companies. B) banks. C) private equity funds. D) asset management companies.
As a result of the bargaining advantages enjoyed by bureaus, they will generally have budgets that are ____
a. are larger than optimal b. are smaller than optimal c. optimal d. unable to be characterized in a general manner
In the long run, if some monopolistically competitive firms are earning economic losses then
A) firms will leave the industry. B) raise prices until they earn economic profits. C) they will increase production until marginal costs fall. D) new firms will enter the industry.
When people use recent information to gradually adjust their forecasts of inflation, they are said to have:
a. static expectations. b. adaptive expectations. c. rational expectations. d. spiraling expectations.