The expectation of higher prices in the near future will lead to a(n) _________ in supply at the present time.
Fill in the blank(s) with the appropriate word(s).
decrease
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Which of the following will cause an increase in economic growth?
A) a reduction in the unemployment rate B) a reduction in labor force participation C) an increase in human capital D) a reduction in the stock of physical capital
According to economist Robert Gordon, major innovations in the United States have been concentrated in ________ waves of growth
A) two B) three C) four D) five
Recently, new discount window lending procedures set a penalty rate that is normally __________ short-term market interest rates
A) just below B) above C) approximately equal to D) None of the above.
Successful advertising by a monopolist will
a. reduce the gap between the monopoly and competitive output. b. increase the gap between the monopoly and competitive output. c. cause the monopolist to overproduce. d. cause the monopolist to decrease output.