A shortage of product means a(n):
A. excess supply of the product.
B. excess demand of the product.
C. situation where the quantity demanded is less than the quantity supplied.
D. situation where the current market price is too high.
Answer: B
You might also like to view...
________ are financial assets that represent partial ownership of a corporation
A) Stocks B) Financial markets C) Bonds D) Certificates of deposit
If interest rates, prices, and output are all rising, then according to the Keynesian model, these changes must be caused by
a. an increase in aggregate supply. b. a shift to the right of the LM curve. c. a shift to the right of the LM curve. d. a shift up in the IS curve. e. none of the above.
If a coupon bond has a "face value" of $1000, it means that
A) the original purchaser paid $1000 for it. B) each purchaser must pay $1000 for it. C) it was purchased for at least $1000 and perhaps more. D) the holder will be paid $1000 when the bond matures. E) the holder will be paid $1000 plus accumulated interest when the bond matures.
Which of the following statements is true about health care costs in the United States?
A. Costs have risen because increases in the price of health care have more than offset reductions in the quantity of health care provided. B. Costs have risen because increases in the quantity of care provided have more than offset price reductions realized through economies of scale. C. Costs have risen because both the price of health care and the quantity provided have risen. D. Costs have remained relatively stable as price increases have been largely offset by reductions in the quantity provided.