According to the law of supply, there is a direct relationship between quantity supplied and:
a. the number of sellers. b. costs of resources.
c. technology. d. the price of the good.
d
You might also like to view...
A fall in the federal funds rate leads to
A) a decrease in the quantity of money. B) a rise in the real interest rate. C) a decrease in investment. D) a rise in the price level. E) a decrease in real GDP.
An economic profit of zero indicates a satisfactory situation for the firm
a. True b. False Indicate whether the statement is true or false
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
The foreign purchases, interest rate, and real-balances effects explain why the:
A. Aggregate demand curve is downward-sloping B. Aggregate demand curve may shift to the left or right C. Economy will adjust towards equilibrium D. Aggregate expenditures schedule may shift up or down