Which of the following leads to an increase in the quantity supplied but not an increase in supply?
A) an increase in the product's price
B) a decrease in the costs of production
C) an advance in the technology used to produce the good
D) an increase in the number of firms producing the good or service
E) an increase in the price of another product that the suppliers can produce
A
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How does the use of collateral and net worth help reduce the problem of adverse selection?
What will be an ideal response?
Output per person on a country level is another way to think about:
A. nominal GDP. B. real GDP per capita. C. GDP growth rates. D. productivity.
A supply curve is defined as the relationship between:
A. the price of a good and the quantity that consumers are willing to buy. B. the price of a good and the quantity that producers are willing to sell. C. the income of consumers and the quantity of a product that consumers are willing to buy. D. the income of consumers and the quantity of a product that producers are willing to sell.
If the coefficient a in the new classical expression for short-run aggregate supply were equal to zero,
A) aggregate output would always be at its full-employment level. B) the short-run aggregate supply curve would slope down. C) the short-run aggregate supply curve would be a horizontal line. D) aggregate output would only differ from its full-employment level if the actual price level did not equal the expected price level.