A vertical supply curve would mean that
A. the price does not affect the quantity supplied.
B. as price decreases, quantity supplied decreases.
C. as price decreases, quantity supplied increases.
D. market equilibrium has been reached.
Answer: A
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If net exports increase by 250 and the mpc is 0.75, equilibrium aggregate output increases by
A) 250. B) 500. C) 750. D) 1000.
The Chicago Board of Trade promotes liquidity in the futures market by
A) setting prices. B) establishing a price floor. C) allowing the short or the long to renegotiate contract terms. D) standardizing contract terms.
Which of the following revenue-raising options did the "colonial" government select to secure the resources needed to revolt?
(a) Printing money and borrowing from other countries (b) Printing money and confiscating property (c) Taxing and borrowing from other countries (d) Taxing and reducing non-military government spending
Define what dead capital is and why economists are concerned with its existence
What will be an ideal response?