If the price of steel rises, the law of supply predicts that, other things constant, the:
A. supply of steel will decrease.
B. quantity supplied of steel will decrease.
C. quantity supplied of steel will increase.
D. supply of steel will increase.
Answer: C
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The interest rate that the Fed charges on loans made directly to banks is called ________.
A. the prime rate B. the discount rate C. interest on reserves D. the federal funds rate
Under what conditions is it most likely that a corporation will issue new stock as a form of finance?
a. when the interest rate is rising b. when the interest rate is falling c. when the firm's stock prices is falling d. when bond prices are very high
In the Keynesian model, consumption depends on:
A. the natural rate of unemployment. B. potential output. C. disposable income. D. whether the government has a budget surplus or deficit.
The author of An Inquiry Into the Nature and Causes of the Wealth of Nations was
A) Duncan Bradstreet. B) Dow Jones. C) John Maynard Keynes. D) Karl Marx. E) Adam Smith.