Which of the following would cause prices to fall and output to rise in the short run?
a. short-run aggregate supply shifts right
b. short-run aggregate supply shifts left
c. aggregate demand shifts right
d. aggregate demand shifts left
a
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We would expect the cross-price elasticity of demand between Pepsi and Coke to be
A. negative, indicating substitute goods. B. positive, indicating substitute goods. C. positive, indicating secondary goods. D. positive, indicating general goods.
According to your text, economic theory developed to answer which question?
A) Why does man have the will to power? B) Can we create a government strong enough to tie its own hands? C) How are countless individuals led to do "the right thing" without ever caring about doing good? D) Is greed good?
Pointy Stone State Park is the sole employer of naturalists in the area. The table above provides information about the supply of naturalists and the value of marginal product of labor for naturalists
On the last naturalist hired, Pointy Stone State Park will earn a profit of A) zero. B) $100 per week. C) $150 per week. D) $200 per week.
Vault cash is part of a commercial bank's
A) demand deposits. B) capital. C) reserves. D) liabilities.