An increase in the equilibrium quantity of a product will result
A) when there is an decrease in demand and a decrease in the cost of inputs used to make the product.
B) when there is an increase in supply and an increase in demand for the product.
C) when the quantity of the product supplied exceeds the quantity demanded.
D) when there is an increase in supply and a decrease in demand for the product.
B
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Personal income less personal taxes is called:
A) personal disposable income. B) national income. C) compensation of employees. D) savings.
If you were to put the following effects of a decrease in demand into the sequence in which they occur, which would be last?
a. The demand curve facing each individual firm drops. b. Each firm reduces quantity supplied to the point where marginal cost equals its now-lower marginal revenue. c. In the short run, the market price drops. d. Market output falls. e. A short-run loss forces some firms out of business in the long run.
When the economy is at full employment and inflation develops, the government creates a surplus budget by cutting its own spending and raising taxes. The Fed would
a. reduce the legal reserve requirement, increase the discount rate, and buy securities on the open market b. reduce the legal reserve requirement, reduce the discount rate, and sell securities on the open market c. reduce the legal reserve requirement, reduce the discount rate, and buy securities on the open market d. increase the legal reserve requirement, reduce the discount rate, and sell securities on the open market e. increase the legal reserve requirement, increase the discount rate, and sell securities on the open market
From 2000 to 2007, which country had the maximum LTV allowed?
A) United Kingdom B) Australia C) Netherlands D) Canada E) United States