The monopsonist's markdown in the buying price increases as
A) the supply elasticity declines.
B) the supply elasticity increases.
C) the demand elasticity declines.
D) the demand elasticity increases.
A
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When the Fed worries about inflation, it ________ the federal funds rate and, in the short run, ________ the real interest rate
A) raises; raises B) raises; lowers C) lowers; lowers D) does not change; the Fed raises E) lowers; raises
When aggregate demand decreases rapidly, the economy is likely to experience
a. inflation. b. an economic boom. c. economic growth. d. recession.
Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5. Number of WorkersPizzas Baked Per Day00110218324430532How many workers will Joe hire if he must pay each one $25 a day?
A. 1 B. 2 C. 3 D. 4
Everything else equal, if the dollar depreciates against the peso:
A) U.S. exports and imports will both decrease. B) the U.S. will import more and export less. C) U.S. exports and imports will both increase. D) the U.S. will export more and import less.