Which of the following would not shift the supply curve for mp3 players?
a. an increase in the price of mp3 players
b. a decrease in the number of sellers of mp3 players
c. an increase in the price of plastic, an input into the production of mp3 players
d. an improvement in the technology used to produce mp3 players
a
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The Fed is
A) shielded from political pressure. B) officially independent from the federal government. C) staffed by Congressmen who are biased toward monetary expansion. D) responsible for minting coins and collecting taxes.
Aggregate output and the interest rate are ________ related to government spending and are ________ related to taxes
A) positively; positively B) positively; negatively C) negatively; positively D) negatively; negatively
If the average price level increases 10 percent per year, and the velocity of money is 2, then the:
A. inflation rate is 10 percent. B. inflation rate is 5 percent. C. inflation rate is 2 percent. D. inflation rate is 20 percent.
Pa and Pb represent the prices that citizens (a) and (b), the only two people in this nation, are willing to pay for additional units of a quantity (Qc) of the public good. Qs represents the quantity of the public good supplied by government at each of the collective prices.QcPaPbQs1$4$552344324342325121Refer to the above information. If only 1 unit of this public good is produced, then the marginal benefit is:
A. $4 and the marginal cost is $7. B. $3 and the marginal cost is $9. C. $9 and the marginal cost is $3. D. $6 and the marginal cost is $3.