Which tool do economists use to determine the effect of an economic event on equilibrium price and quantity?
a. equilibrium price
b. the four-step process
c. demand schedule
d. supply schedule
b. the four-step process
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All of the following are part of fiscal policy EXCEPT
A) setting tax rates. B) setting government spending. C) choosing the size of the government deficit. D) controlling the money supply
The slope of the line on a line chart measures the rate of change in:
A) only the independent variable. B) only the dependent variable. C) the dependent variable as the independent variable changes. D) the independent variable as the dependent variable changes.
The global financial crisis lead to a decline in stock prices because
A) of a lowered expected dividend growth rate. B) of a lowered required return on investment in equity. C) higher expected future stock prices. D) higher current dividends.
A decrease in the number of producers will shift supply to the left
a. True b. False Indicate whether the statement is true or false