When equilibrium is present, if market conditions do not change,
a. the current price will tend to rise in the future, and the current quantity will tend to fall.
b. the current price will tend to fall in the future, and the current quantity will tend to rise.
c. the current price and quantity will tend to persist in the future.
d. the current price will tend to persist in the future, but the current quantity will tend to rise.
C
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What is the implication of the demographic transition for the labor force? Dependency ratio?
What will be an ideal response?
A measure that allows us to compare the prices of consumer goods and services in the year 2000 that a household typically purchases to the prices of those goods and services the household purchased in the base year 1997 is
a. the GDP deflator b. the consumer price index c. the price level d. inflation e. the base measure
As more firms are attracted to an industry, the supply curve can be expected to shift to the right
a. True b. False Indicate whether the statement is true or false
Figure 33-4
?
Which panel in Figure 33-4 shows the movement associated with the supply-side changes of the 1990s?
A. 1 B. 2 C. 3 D. 4