A ________ demand curve for shampoo would be caused by a change in the price of shampoo
A) positively sloped B) leftward shift of the
C) rightward shift of the D) movement along the
D
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If the Fed increases the supply of bank reserves, ________
A) consumption falls B) investment falls C) the federal funds rate falls D) the inflation rate falls
Other things remaining the same, which of the following is likely to happen if an industry introduces a labor-complementary technology in production?
A) There will be a rise in both the wage rate and the employment levels in the industry. B) There will be a fall in both the wage rate and the employment levels in the industry. C) There will be a fall in the wage rate and a rise in the employment levels in the industry. D) There will be a rise in the wage rate and a fall in the employment levels in the industry.
Which of the following is associated with peaks in the business cycle?
A. relatively high levels of unemployment B. recessions C. relatively low levels of unemployment D. depressions
When a firm engages in price discrimination, it sets marginal revenue equal to marginal cost for each separate set of consumers.
Answer the following statement true (T) or false (F)