Which of the following increases the supply of a good?
A) Prices of inputs used to produce the good rise.
B) Productivity improves.
C) Producers expect higher prices for the good in the future.
D) There is a decrease in the price of a complement in production.
E) The number of producers decreases.
B
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How do large increases in oil prices affect the economy?
What will be an ideal response?
Accountants keep track of the money that flows into and out of firms
a. True b. False Indicate whether the statement is true or false
For a profit-maximizing competitive firm, the value of marginal product curve is
a. always rising. b. falling only when marginal product is rising. c. the labor supply curve. d. the labor demand curve.
Traditionally, the Fed often communicated its intentions to restrict or expand monetary policy by announcing a change in its target for the:
A. Prime rate B. Federal funds rate C. Discount rate D. Consumer price index