At the competitive equilibrium:
A) the demand curve is tangential to the supply curve.
B) the quantity demanded exceeds the quantity supplied of a good.
C) the quantity supplied exceeds the quantity demanded of a good.
D) the quantity demanded is equal to the quantity supplied of a good.
D
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Which of the following policies would be expected to increase private saving?
A. Reducing the tax rate on capital gains and dividends. B. Increasing the income tax. C. Increasing job security. D. Providing more generous Social Security retirement benefits.
If the prices of both goods increase by 10 percent, the budget line
A. shifts to the right in parallel fashion. B. shifts to the left in parallel fashion. C. is unaffected since only relative price changes matter. D. pivots on the axis of the more expensive good.
A decrease in government regulation will shift
A. aggregate demand to the right. B. aggregate supply to the left. C. aggregate demand to the left. D. aggregate supply to the right.
If there are 2 plumbers and 4 electricians in Marquette, MI, we know
What will be an ideal response?