Recall the Application about craft beer and the increase in the price of hops to answer the following question(s).Based this Application, between 2012 and 2017, a decrease in craft beer production will ________ the demand for hops and ________ the price of hops.
A. decrease; increase
B. decrease; decrease
C. increase; increase
D. increase; decrease
Answer: B
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Refer to Figure 7-5. With insurance and a third-party payer system, the equilibrium quantity of medical services is
A) 400. B) 800. C) 1,200. D) > 1,200.
Changes in the natural rate of unemployment are related to changes in the composition of the labor force and to the changes in the productivity of the economy over time
Indicate whether the statement is true or false
Which of the following did the 1986 Tax Reform Act not intended to do?
a. lower marginal tax rates b. broaden the tax base c. keep average tax rates the same d. reduce the bias towards saving
Since the Great Depression, business fluctuations have become more severe and longer in duration
a. True b. False Indicate whether the statement is true or false