At a market clearing price
A) the quantity demanded will just equal the quantity supplied.
B) there will be an excess quantity demanded.
C) there will be a tendency for price to rise over time.
D) the demand function will shift outward.
A
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If the dollar price of a foreign currency increases, there will be a(n)
a. rightward movement along the supply of foreign exchange curve b. leftward movement along the supply of foreign exchange curve c. leftward shift of the supply of foreign exchange curve d. rightward shift of the supply of foreign exchange curve e. tendency for the supply of foreign exchange curve to become flatter
For purposes of calculating GDP using the expenditure approach, which of the following payments is NOT included in the government spending component?
A. The wages paid by a state government to the workers in its welfare department
B. Social Security pensions
C. The wages paid by a local government to its road crew
D. The federal government's purchase of a submarine from a shipbuilder
Describe the difference between technology and positive technological change
What will be an ideal response?
The slope of a horizontal line is
A. infinite. B. zero. C. negative. D. continually changing.