Candy makers accurately anticipate the increase in demand for candy for Halloween so that the supply of candy and demand for candy increase the same amount. As a result, the price of candy ________ and the quantity of candy ________
A) rises; does not change
B) falls; increases
C) does not change; increases
D) does not change; does not change
E) rises; increases
C
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How long is the "short-run" time period in the economic analysis of the market?
A) three months or one business quarter B) total time in which sellers already in the market respond to changes in demand and equilibrium price C) total amount of time it takes new sellers to enter the market D) total amount of time it takes original sellers to leave the market
From the late 1940s until the creation of the WTO, the organization that was primarily responsible for conducting rounds of trade negotiations was the
A) World Bank. B) IMF. C) ITO. D) United Nations. E) GATT.
A recent development in the RBC literature is the growing admission of the possible importance of
A) nominal variables. B) real demand shocks. C) favorable supply shocks. D) changes in monetary policy. E) technological changes.
What is the Degree of Operating Leverage?
What will be an ideal response?