Information technology decreased the need to use banks for _______________
Fill in the blank(s) with the appropriate word(s).
Ans: short-term loans
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In the short run, the price level
a. will increase if unit costs increase. b. will increase if average markup decreases. c. will increase if unit costs decrease. d. is held constant by government decree. e. will decrease if there is a negative supply shock.
Environmentalists concern with rapid economic growth is that it will
A. lead to increases in pollution, crowding, and waste disposal. B. turn naturalists into capitalists. C. prevent society from taking action to clean up excessive pollution. D. underutilize natural resources.
Which are contractionary fiscal policies?
a. Increased taxation and decreased government spending b. Increased taxation and increased government spending c. No change in taxation and increased government spending d. Decreased taxation and no change in government spending
When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the
A) rent. B) market equilibrium rent that would prevail in the absence of a rent ceiling. C) value of the time and resources spent searching plus the rent. D) consumer surplus.