The effect on business of the crowding-out effect in the short run would be reflected by ______.
Fill in the blank(s) with the appropriate word(s).
An intentional reduction in inventory
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Refer to Figure 13-17. Suppose the firm is currently producing Qf units. What happens if it increases its output to Qg units?
A) It will move from a zero profit situation to a loss situation B) Its average cost of production will fall and its profit will rise. C) It will move from a zero profit situation to a profit situation D) It will be taking advantage of economies of scale and will be able to lower the price of its product.
Which of the following defines the multiplier for a change in autonomous taxes?
A) -s/c B) 1/s C) 1/c D) -c/s
Along an indifference curve for goods X and Y, the vertical and horizontal axes measure the:
a. prices of X and Y. b. total utilities of X and Y. c. quantities of X and Y. d. marginal utilities of X and Y.
While the ________ is not important, the ________ can have a big effect on economic behavior.
A. unpredicted change in the price level; price level B. predictable change in the price level; price level C. price level; predictable change in the price level D. price level; unpredicted change in the price level