In a market where businesses are earning high profits, new entrants will cause the supply curve to shift to the _________ and thus cause the market price to _________.
A. right; rise
B. left; rise
C. left; fall
D. right; fall
Answer: D
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A) to force employees to work. B) to encourage good behavior. C) to get employees to work for less money. D) None of the above.
Compared to a barter economy, using money increases efficiency by reducing
What will be an ideal response?
Which of the following actions by the Fed would increase the money supply?
A. reducing the required reserve ratio B. selling government bonds in the open market C. increasing the discount rate D. increasing the income tax rate
Which of the following is not a determinant of demand for laptop computers?
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