A decrease in demand will cause
a. an increase in supply.
b. a decrease in supply.
c. an increase in quantity supplied.
d. a decrease in quantity supplied.
e. an increase in equilibrium price.
D
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Refer to Table 2.4. The principle of diminishing returns sets in with the addition of the ________ tank of fertilizer
A) second B) third C) fourth D) fifth
According to the short-run aggregate supply curve, if output minus potential output equals zero, then ________
A) unemployment might be zero B) inflation might be stable C) expected inflation must be stable D) price shocks must be zero E) none of the above
Which of these is an advantage of money as a store of value? a. It can generate high interest income
b. It can facilitate hassle-free international exchange. c. It can be easily liquidated. d. It can signal a nation's economic health. e. It can increase potential output.
Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. In the European Union, the term they use for pollution permits is:
A. allowances. B. caps. C. trades. D. emissions.